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AGA Exam CGFM Topic 4 Question 33 Discussion

Actual exam question for AGA's CGFM exam
Question #: 33
Topic #: 4
[All CGFM Questions]

In addition to the Yellow Book, which group's external audit standards can the GAO reference?

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Suggested Answer: A

by Skye at Aug 29, 2023, 06:09 PM

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Tu
3 months ago
Glad I studied up on my government auditing organizations. INTOSAI is the way to go!
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Renea
1 months ago
C) International Organization of Supreme Audit Institutions
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Hector
1 months ago
B) International Auditing and Assurance Standards Board.
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Leonida
2 months ago
A) Public Company Accounting Oversight Board
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Joanna
3 months ago
Wait, the Yellow Book is a thing? I thought we were talking about a coloring book. INTOSAI it is, then!
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Charlene
2 months ago
D) AICPA
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Olga
2 months ago
C) International Organization of Supreme Audit Institutions
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Jamal
2 months ago
B) International Auditing and Assurance Standards Board.
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Serina
3 months ago
A) Public Company Accounting Oversight Board
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Mose
3 months ago
INTOSAI, of course! The GAO is part of the government, so it makes sense they'd use standards from that organization.
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Dominque
3 months ago
I think the AICPA standards would be a good option, but INTOSAI seems more relevant for government auditing.
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Shonda
3 months ago
I'm not sure, but I think it could also be C) International Organization of Supreme Audit Institutions.
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Myrtie
3 months ago
The International Organization of Supreme Audit Institutions (INTOSAI) is the correct answer. The GAO can reference their external audit standards in addition to the Yellow Book.
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Lilli
2 months ago
D) AICPA
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Markus
2 months ago
C) International Organization of Supreme Audit Institutions
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Nydia
2 months ago
B) International Auditing and Assurance Standards Board.
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Joni
3 months ago
A) Public Company Accounting Oversight Board
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Bok
4 months ago
I agree with Vashti, because the GAO can reference external audit standards from PCAOB.
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Vashti
4 months ago
I think the answer is A) Public Company Accounting Oversight Board.
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