AGA Exam CGFM Topic 1 Question 30 Discussion

Actual exam question for AGA's CGFM exam

Question #: 30
Topic #: 1

[All CGFM Questions]

Under the control environment component of internal control, management should

Ademonstrate a commitment to integrity and ethical values.

Bimplement control activities through policies.

Ccommunicate quality information to achieve the entity's objectives.

Destablish and operate activities to monitor the internal control system.

Show Suggested Answer

Suggested Answer: D

by Ashlyn at Jul 06, 2023, 07:59 AM

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Lashawnda

2 months ago

Hey, at least they didn't ask about the 'control environment' of a kitchen. That would be a whole different kind of internal control!

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Lynna

2 months ago

Wait, did someone say 'recipe for disaster'? I'm getting hungry just thinking about it!

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Phung

1 months ago

C) communicate quality information to achieve the entity's objectives.

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Hester

1 months ago

B) implement control activities through policies.

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Laticia

2 months ago

A) demonstrate a commitment to integrity and ethical values.

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Barney

2 months ago

Hold up, is this a trick question? Of course, Option A is the way to go. Anything less and it's a recipe for disaster!

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Earleen

16 days ago

Yes, monitoring the internal control system is also important to ensure effectiveness.

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Josefa

19 days ago

D) establish and operate activities to monitor the internal control system.

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Fabiola

1 months ago

Absolutely, integrity and ethical values are crucial for a strong control environment.

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Flo

2 months ago

A) demonstrate a commitment to integrity and ethical values.

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Nydia

2 months ago

Hmm, I was thinking Option B, but now I see Option A makes more sense. Ethical leadership is key.

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Jeannetta

2 months ago

I agree, Option A is the way to go. Gotta set the right tone from the top!

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Lelia

1 months ago

Absolutely, it's important for management to lead by example.

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Viki

2 months ago

Yes, setting the right tone from the top is crucial.

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Renea

2 months ago

Option A) demonstrate a commitment to integrity and ethical values.

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Ines

3 months ago

Integrity and ethical values are the foundation of any strong internal control system. Option A is the correct answer.

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Aleta

24 days ago

D) establish and operate activities to monitor the internal control system.

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Beth

25 days ago

C) communicate quality information to achieve the entity's objectives.

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Wilda

26 days ago

B) implement control activities through policies.

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Paz

27 days ago

A) demonstrate a commitment to integrity and ethical values.

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Blythe

1 months ago

D) establish and operate activities to monitor the internal control system.

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Gladys

1 months ago

C) communicate quality information to achieve the entity's objectives.

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Wenona

2 months ago

B) implement control activities through policies.

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Ahmad

3 months ago

A) demonstrate a commitment to integrity and ethical values.

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Daniel

3 months ago

I believe D) establish and operate activities to monitor the internal control system is also important to ensure the controls are working as intended.

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Lelia

3 months ago

I agree with Elroy, because without integrity and ethical values, the control environment would not be effective.

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Elroy

3 months ago

I think the answer is A) demonstrate a commitment to integrity and ethical values.

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Kristofer

3 months ago

I believe the answer is D) establish and operate activities to monitor the internal control system, as monitoring is crucial for ensuring the effectiveness of internal controls.

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Isaiah

3 months ago

I agree with Bette, because without integrity and ethical values, the control environment would not be effective.

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Bette

4 months ago

I think the answer is A) demonstrate a commitment to integrity and ethical values.

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