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AGA CGFM Exam - Topic 3 Question 32 Discussion

Actual exam question for AGA's CGFM exam

Question #: 32
Topic #: 3

[All CGFM Questions]

A variable that would influence management's decision to hire contractors to perform management control

evaluations is

Alack of management expertise.

Bavailability of qualified contractors.

Csuspicion of internal fraud.

Dknowledge of systemic deficiencies.

Show Suggested Answer

Suggested Answer: D

by Portia at Aug 10, 2023, 02:39 AM

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Patti

8 months ago

Wait, are we really considering lack of expertise as a factor?

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Mari

8 months ago

Totally agree with D, knowing deficiencies is key!

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Nelida

8 months ago

C? Really? I doubt that's the main reason.

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Ruthann

8 months ago

A makes sense too, if management lacks expertise, they might hire out.

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Martina

9 months ago

Definitely B, you need qualified contractors for sure.

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Bettye

9 months ago

Knowledge of systemic deficiencies sounds important, but I wonder if it’s more about immediate needs like fraud suspicion or contractor availability.

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Ivette

9 months ago

I feel like lack of management expertise might be a big reason for hiring contractors, but I can't recall if it was the best option in similar questions.

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Paulene

9 months ago

I remember a practice question about internal fraud and how it might push management to hire outside help. That seems relevant here too.

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Brianne

9 months ago

I think the availability of qualified contractors could really influence the decision, but I'm not entirely sure if that's the main factor.

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Lashawn

9 months ago

I'm leaning towards C - after 8:15 AM. The report might need a little time to process the data from the current interval before it's available.

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Krissy

9 months ago

Hmm, I'm a bit confused. What exactly is a "flexed budgeted cost"? I'll need to review that concept before I can tackle this.

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Afton

10 months ago

This seems tricky, but I'll give it my best shot. I'll need to carefully analyze the data and make sure I'm not missing any important details or steps in the reconciliation process.

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Antonio

10 months ago

I think uploading the jabber-config.enc file helps with encryption, but I don't see how it relates to mobile-only configurations.

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Pansy

1 year ago

C) suspicion of internal fraud. Sounds like a job for the Fraud Busters! *cue superhero music*

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Hoa

1 year ago

Hmm, I'd have to go with B. Availability of qualified contractors. Seems like the most practical consideration for management.

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Bulah

1 year ago

A) lack of management expertise is an interesting choice. Sometimes you just need a fresh set of eyes, you know?

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Lucina

1 year ago

C) suspicion of internal fraud would definitely make management consider hiring contractors.

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Fairy

1 year ago

B) availability of qualified contractors is crucial for getting the job done.

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Lucy

1 year ago

A) lack of management expertise can be a valid reason to hire contractors.

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Shaniqua

1 year ago

D) knowledge of systemic deficiencies makes the most sense to me. If they know there are issues with the control system, they'd want to bring in experts to assess it.

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Darci

1 year ago

D) knowledge of systemic deficiencies.

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Orville

1 year ago

B) availability of qualified contractors.

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Fredric

1 year ago

A) lack of management expertise.

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Yuette

1 year ago

I'd go with C) suspicion of internal fraud. Management would definitely want to bring in outside help if they suspect something shady going on internally.

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Francis

1 year ago

B) availability of qualified contractors.

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Yun

1 year ago

A) lack of management expertise.

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Layla

1 year ago

C) suspicion of internal fraud.

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Blondell

1 year ago

B) availability of qualified contractors seems like the most logical option here. You need to have the right resources to perform those evaluations effectively.

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Devorah

1 year ago

B) availability of qualified contractors.

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Pamela

1 year ago

A) lack of management expertise.

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Malcolm

1 year ago

But what about option D) knowledge of systemic deficiencies? Wouldn't that also be important for management to consider?

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Graham

1 year ago

I agree with Daron. Having qualified contractors available is crucial for effective management control evaluations.

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Daron

1 year ago

I think the answer is B) availability of qualified contractors.

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