New Year Sale 2026! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

AGA CGFM Exam - 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?

Show Suggested Answer Hide Answer
Suggested Answer: D

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

Limited Time Offer

25%

Off

Get Premium CGFM Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Annice
4 months ago
Just to clarify, the audit committee oversees but doesn't resolve.
upvoted 0 times
...
Wilbert
4 months ago
Not sure about this, can external auditors really resolve findings?
upvoted 0 times
...
Jeff
4 months ago
Wait, I thought the awarding agency had some responsibility too?
upvoted 0 times
...
Elza
5 months ago
Totally agree, B is the right answer!
upvoted 0 times
...
Josphine
5 months ago
It's definitely the recipient agency that handles those findings.
upvoted 0 times
...
Katy
5 months ago
I honestly can’t remember if it’s the external auditors or the recipient agency. This is tricky!
upvoted 0 times
...
Erinn
5 months ago
I’m leaning towards the recipient agency too, but I could see how the audit committee might play a role in addressing findings.
upvoted 0 times
...
Fausto
5 months ago
I remember a practice question where the awarding agency was mentioned, but I feel like that was more about oversight than resolution.
upvoted 0 times
...
Deonna
5 months ago
I think the recipient agency is responsible for resolving findings, but I'm not completely sure.
upvoted 0 times
...
Madonna
5 months ago
Hmm, I'm a bit stumped. I'll have to eliminate the options I'm more confident about and take a guess on the one that seems least likely to be a real virus type.
upvoted 0 times
...
Tawny
5 months ago
Hmm, this one seems straightforward. I think I'll go with options A and B - upload the program data using the NPSP Data Importer and the client data using the Data Import Wizard.
upvoted 0 times
...
Adolph
5 months ago
I feel like business growth is important, but if they want to reduce CO2, maybe sustainability and cost efficiency are the better options.
upvoted 0 times
...
Ilona
10 months 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.
upvoted 0 times
...
Dominga
10 months 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!
upvoted 0 times
Delsie
9 months ago
D) the external auditors
upvoted 0 times
...
Gerald
9 months ago
C) the audit committee
upvoted 0 times
...
Paris
9 months ago
B) the recipient agency
upvoted 0 times
...
Ozell
9 months ago
A) the awarding agency
upvoted 0 times
...
...
Lanie
10 months 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.
upvoted 0 times
...
Kirk
10 months ago
The audit committee should be responsible for resolving the findings. They're the ones who oversee the audit process.
upvoted 0 times
Gladis
9 months ago
C) the audit committee
upvoted 0 times
...
Antonio
9 months ago
B) the recipient agency
upvoted 0 times
...
Sabina
9 months ago
A) the awarding agency
upvoted 0 times
...
...
Buck
11 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.
upvoted 0 times
Beth
9 months ago
I'm pretty sure it's the recipient agency. They have the most direct responsibility for the funds and how they were used.
upvoted 0 times
...
Michell
9 months ago
It makes sense that the recipient agency would be the one to address the audit findings. They're the ones who are directly involved.
upvoted 0 times
...
Delsie
9 months ago
Yeah, I agree. The recipient agency is the one accountable for resolving any findings from the single audit.
upvoted 0 times
...
Daren
9 months 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.
upvoted 0 times
...
Stephaine
10 months ago
I'm leaning towards the recipient agency as well. They have the most direct involvement in the audit process.
upvoted 0 times
...
Martha
10 months ago
It makes sense that the recipient agency would be responsible. They're the ones who are directly impacted by the audit results.
upvoted 0 times
...
Cassie
10 months ago
Yeah, I agree. The recipient agency is ultimately accountable for resolving any findings identified during the audit.
upvoted 0 times
...
Afton
10 months ago
I think it's the recipient agency too. They're the ones who received the funding and are responsible for ensuring compliance.
upvoted 0 times
...
...
Christiane
11 months ago
The awarding agency seems like the logical choice since they're the ones who provided the funding in the first place.
upvoted 0 times
Buddy
10 months ago
B) the recipient agency
upvoted 0 times
...
Billi
10 months ago
That makes sense, they would have the most oversight.
upvoted 0 times
...
Daryl
10 months ago
A) the awarding agency
upvoted 0 times
...
...
Gilberto
11 months ago
But the external auditors also play a role in resolving single audit findings.
upvoted 0 times
...
Howard
11 months ago
I disagree, I believe it's the audit committee.
upvoted 0 times
...
Gilberto
11 months ago
I think it's the recipient agency.
upvoted 0 times
...

Save Cancel