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AGA Exam CGFM Topic 2 Question 17 Discussion

Actual exam question for AGA's CGFM exam
Question #: 17
Topic #: 2
[All CGFM Questions]

The first step in the internal control evaluation process is

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Suggested Answer: D

Contribute your Thoughts:

Willodean
4 days ago
But wouldn't documenting how transactions are processed be important too?
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Alida
5 days ago
I believe it's assessing the adequacy of controls.
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Willodean
6 days ago
I think the first step is identifying potential risks.
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Leota
7 days ago
Option D seems to be the correct answer. Identifying potential risks is the foundation of the internal control evaluation process.
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