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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

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Suggested Answer: D

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

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Junita
2 months ago
Ah, the age-old debate: compliance vs. fraud detection. Auditors need to be like financial superheroes, tackling it all!
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Stephaine
2 months ago
I'm going with C. Ensuring expenditures don't exceed obligations is a key part of the auditor's job.
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Buffy
2 months ago
Why not B? Identifying potential legal violations that could result in penalties seems important to me.
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Lashawnda
13 days ago
C) That makes sense, ensuring that funds are used appropriately is a key aspect of financial audits.
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Arleen
19 days ago
D) design tests to detect fraud, waste and abuse.
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Tamra
1 months ago
B) Because identifying violations of laws is important, but the main focus is on assessing compliance with various standards.
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Chi
1 months ago
A) design tests to assess compliance with laws, regulations, contracts and grant agreements.
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Julie
2 months ago
I think option D is the most relevant. Detecting fraud, waste, and abuse should be a top priority for auditors.
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Ettie
2 months ago
Option A seems like the right choice. Assessing compliance with relevant laws and regulations is a critical part of financial statement audits.
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Benedict
25 days ago
Identifying violations of laws and regulations is crucial in financial statement audits.
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An
1 months ago
It's important to design tests to assess compliance with laws, regulations, contracts, and grant agreements.
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Kelvin
1 months ago
I agree, ensuring compliance with laws and regulations is essential for financial statement audits.
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Carmelina
3 months 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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Lili
3 months ago
I agree with William, because auditors need to assess compliance with laws and regulations.
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William
4 months ago
I think the answer is A.
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