AGA Exam CGFM Topic 4 Question 43 Discussion

Actual exam question for AGA's CGFM exam

Question #: 43
Topic #: 4

[All CGFM Questions]

Under government fuditing standards, auditors performing financial statement audits must

Adesign tests to assess compliance with laws, regulations, contracts and grant agreements.

Bidentify violations of laws which could be punishable by monetary penalties.

Cidentify expenditures that exceed the related obligations.

Ddesign tests to detect fraud, waste and abuse.

Show Suggested Answer

Suggested Answer: D

by Dominque at Apr 10, 2024, 02:30 AM

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10 days ago

I'm not sure, but I think it could also be D, as detecting fraud is important in financial audits.

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12 days ago

I agree with William, because auditors need to assess compliance with laws and regulations.

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15 days ago

I think the answer is A.

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