GFOA CPFO Exam - Topic 10 Question 42 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 42
Topic #: 10

[All CPFO Questions]

Which of the following is NOT included in RFPs (Request for proposals) regarding audit?

AScope of work

BCompensations and Terms of payment

CSelection Criteria

DServices furnished to the Auditor

Show Suggested Answer

Suggested Answer: C

by Mitzie at May 04, 2022, 07:04 PM

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Rodolfo

4 months ago

Agreed, D is definitely not a standard part of RFPs.

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Marjory

4 months ago

Wait, services furnished to the auditor? That seems odd!

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Rusty

4 months ago

I thought compensations were always included?

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Barrett

4 months ago

Definitely not D, that's part of the process!

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Jeff

5 months ago

RFPs usually include scope of work and selection criteria.

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Lawrence

5 months ago

I believe services furnished to the auditor might be the odd one out here, but I can't recall if it's explicitly excluded from RFPs.

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Doug

5 months ago

I'm really uncertain about this one. I feel like compensations and terms of payment are always mentioned, but what about services to the auditor?

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Socorro

5 months ago

I think the scope of work is definitely included in RFPs, but I'm not sure about the services furnished to the auditor.

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Gladys

5 months ago

I remember practicing a question similar to this, and I think selection criteria is usually part of RFPs too.

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Lore

5 months ago

Hmm, I'm a bit confused on the difference between strict liability, current liability, and non-current liability. I'll need to review those concepts before answering this.

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Gearldine

5 months ago

The wording of the options is tricky, I'll need to read them closely to pick the right 3 answers.

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Annette

5 months ago

Okay, let me break this down. The Engagement Experience Portal is probably related to things like offers and service catalog entries. I'll need to carefully consider each option.

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Dustin

5 months ago

I'm feeling pretty confident about this one. I remember discussing the importance of management approval for Information Security policies in class, so I'll go with option B.

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