AGA Exam CGFM Topic 3 Question 50 Discussion

Actual exam question for AGA's CGFM exam

Question #: 50
Topic #: 3

[All CGFM Questions]

In a performance aygit, due professional care is used to

Aobtain sufficient and competent evidence.

Bdetermine scope.

Cset materiality of financial statements.

Dpresent the findings in accordance with GAAP.

Show Suggested Answer

Suggested Answer: D

by Javier at Jul 02, 2024, 05:17 PM

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Jeannine

13 days ago

You know what they say, 'Due professional care is like a fine wine - it's all about the bouquet of evidence.'

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Merrilee

20 days ago

Option B? Really? I've got two words for that: 'Scope creep.' No thank you!

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Bev

22 days ago

This is a classic case of 'the best answer is the one that's most specific to the question.' Option A is the clear winner here.

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Anjelica

1 months ago

I'm torn between A and D, but I think A makes the most sense. Presenting the findings in accordance with GAAP is important, but it's not the primary focus of due professional care.

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Narcisa

1 days ago

User 2: I agree, A is the correct answer. It's important to have the right evidence to support the findings.

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Kasandra

20 days ago

User 1: I think A makes the most sense. Obtaining sufficient and competent evidence is crucial in a performance audit.

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2 months ago

I think the answer is A) obtain sufficient and competent evidence.

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