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AGA CGFM Exam - Topic 2 Question 27 Discussion

Which of the following would auditors issue an opinion on?
D) forensic audits
A) performance audits
B) compliance audits
C) financial statement audits

AGA CGFM Exam - Topic 2 Question 27 Discussion

Actual exam question for AGA's CGFM exam
Question #: 27
Topic #: 2
[All CGFM Questions]

Which of the following would auditors issue an opinion on?

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Suggested Answer: D

by Ressie at Mar 30, 2023, 05:07 AM

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Carli
8 months ago
I thought they only focused on financial statements!
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Dottie
8 months ago
Forensic audits? Not usually, right?
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Michell
9 months ago
Wait, do they really issue opinions on performance audits?
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Chu
9 months ago
I agree, compliance audits too!
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Hildred
9 months ago
Financial statement audits are definitely what they issue opinions on.
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Buddy
9 months ago
I definitely recall that financial statement audits are the primary focus for auditor opinions, but compliance audits might also be included.
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Elden
9 months ago
I feel like forensic audits are more investigative, so maybe they don't get an opinion either?
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Avery
9 months ago
I remember practicing a question about performance audits, but I don't think they get an opinion like financial statements do.
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Fausto
9 months ago
I think auditors issue opinions mainly on financial statement audits, but I'm not entirely sure about compliance audits.
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Kaycee
9 months ago
Hmm, I'm a bit unsure here. I know SNMP has different versions, but I can't remember the specific security features of each one. I'll have to think this through carefully.
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Alaine
9 months ago
This seems pretty straightforward. I'd go with options C, D, and E - those seem like the most legitimate ways to legally build an email list.
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Angella
10 months ago
Hmm, not sure I fully understand the question. What exactly do they mean by "erratic" behavior? And why do I need to identify actions before rebooting? Seems like I should just reboot as soon as possible to minimize the risk of corruption.
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Socorro
10 months ago
I'm not really sure about the barriers to entry. I thought monopolistic competition had low ones, but that wasn't really clear in our practices.
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Nan
1 year ago
C, for sure. Unless you're an auditor moonlighting as a superhero, financial statement audits are where the money's at.
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Charlene
1 year ago
Forensic audits can be interesting, but financial statement audits are the bread and butter for auditors.
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Iesha
1 year ago
I think compliance audits are also crucial to ensure organizations are following regulations.
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Tequila
1 year ago
I agree, financial statement audits are definitely important for auditors.
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Eve
1 year ago
I agree with C. Financial statement audits are where auditors really get to flex their accounting and reporting expertise.
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Cherelle
1 year ago
C) financial statement audits
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Ronny
1 year ago
C) financial statement audits
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Melvin
1 year ago
B) compliance audits
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Shawnda
1 year ago
B) compliance audits
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Arlie
1 year ago
A) performance audits
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Audrie
1 year ago
A) performance audits
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Dan
1 year ago
C is the correct answer. Financial statement audits are the core of the auditing profession. Although the other types of audits are important, they don't result in the same type of opinion.
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Ashley
1 year ago
Definitely C. Auditors are responsible for expressing an opinion on the fairness of financial statements. The other options are more specialized audits.
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Aliza
1 year ago
So, C is the correct answer for what auditors would issue an opinion on.
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Yuette
1 year ago
Forensic audits are more focused on investigating potential fraud.
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Mickie
1 year ago
Performance audits and compliance audits are important too, but not what auditors typically issue opinions on.
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Moon
1 year ago
I agree, auditors issue an opinion on financial statement audits.
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Kayleigh
1 year ago
B) compliance audits
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Lashawnda
1 year ago
A) performance audits
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Eric
1 year ago
I agree, auditors issue an opinion on the fairness of financial statements.
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Ira
1 year ago
C) financial statement audits
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Kattie
1 year ago
I believe auditors also issue opinions on compliance audits, as they ensure adherence to regulations.
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Annmarie
1 year ago
I agree with Mireya, financial statement audits are where auditors provide their opinion.
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Mireya
1 year ago
I think auditors would issue an opinion on financial statement audits.
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Kirk
1 year ago
I think the obvious answer here is C) financial statement audits. That's the bread and butter of auditors.
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Nicholle
1 year ago
I think they also issue opinions on compliance audits, making sure companies are following regulations.
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Lai
1 year ago
Yes, I agree. Financial statement audits are definitely a key focus for auditors.
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