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AGA Exam CGFM Topic 3 Question 18 Discussion

Actual exam question for AGA's CGFM exam
Question #: 18
Topic #: 3
[All CGFM Questions]

Who is responsible for resolving single audit findings?

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Suggested Answer: D

by Matthew at Oct 16, 2022, 09:18 AM

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Ilona
14 days ago
I'd say the recipient agency is responsible, but they should probably call in the Ghostbusters to help out. Those audit findings can be pretty spooky.
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Dominga
15 days ago
Hmm, this is a tough one. Maybe the audit committee can get the recipient agency and the external auditors to work together on it. It'll be like a bureaucratic dance-off!
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Lanie
18 days ago
The external auditors should be the ones to resolve the findings. They're the ones who conducted the audit, so they should know what needs to be done.
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Kirk
21 days ago
The audit committee should be responsible for resolving the findings. They're the ones who oversee the audit process.
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Sabina
2 days ago
A) the awarding agency
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Buck
1 months ago
I'm going with the recipient agency on this one. They're the ones who need to address any issues found during the audit.
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Daren
1 days ago
I think it's the recipient agency too. They're the ones who received the funds and are responsible for how it was used.
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Stephaine
9 days ago
I'm leaning towards the recipient agency as well. They have the most direct involvement in the audit process.
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Martha
21 days ago
It makes sense that the recipient agency would be responsible. They're the ones who are directly impacted by the audit results.
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Cassie
28 days ago
Yeah, I agree. The recipient agency is ultimately accountable for resolving any findings identified during the audit.
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Afton
1 months ago
I think it's the recipient agency too. They're the ones who received the funding and are responsible for ensuring compliance.
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Christiane
2 months ago
The awarding agency seems like the logical choice since they're the ones who provided the funding in the first place.
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Buddy
20 days ago
B) the recipient agency
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Billi
25 days ago
That makes sense, they would have the most oversight.
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Daryl
1 months ago
A) the awarding agency
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Gilberto
2 months ago
But the external auditors also play a role in resolving single audit findings.
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Howard
2 months ago
I disagree, I believe it's the audit committee.
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Gilberto
2 months ago
I think it's the recipient agency.
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