GFMC 試験問題を無料オンラインアクセス

Which of the following statements from an audit finding is the condition?

• A.We recommend that the government implements a timely review of all credit card purchases.
• B.We identified multiple credit card purchases without receipts to support them.
• C.Finance Department personnel did not regularly review purchases to ensure compliance.
• D.Government policy requires a cardholder to submit receipts for all purchases.

When planning for local government financial statement audit, what data source should the auditor consider first?

• A.reconciliations between fund financial statements
• B.government-wide financial statements
• C.fund financial statements
• D.previous audit findings

Internal control over financial reporting means that management can reasonably make which of the following assertions?

• A.A physical inventory has been conducted of all assets meeting the jurisdiction's capitalization threshold.
• B.Sufficient spending authority and financial resources exist to support reported expenditures.
• C.Management has met its legislatively directed program goals.
• D.All assets and liabilities have been properly valued and, where applicable, all costs have been properly allocated.

An employee is set to receive a lumpsum payment of $500,000 in ten years. The agency uses an opportunity rate of 12% for its investments. If inflation is 3%, how much must the agency invest today to cover the future lumpsum payment?

• A.$186,023
• B.$440,000
• C.$160,986
• D.$485,000

Management shoulg consider the cost of internal controls in relationship to

• A.benefits provided.
• B.the available budget.
• C.risk of collusion.
• D.inherent risks.