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AGA CGFM Exam With Confidence Using Practice Dumps

Exam Code:
CGFM
Exam Name:
CGFM Certified Government Financial Manager
Vendor:
Questions:
115
Last Updated:
Feb 7, 2025
Exam Status:
Stable
AGA CGFM

CGFM: Government Financial Manager Exam 2025 Study Guide Pdf and Test Engine

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CGFM Certified Government Financial Manager Questions and Answers

Question 1

The Single Audit Act requires

Options:

A.

financial statement audits of non-federal entities that receive or administer grant awards of federal

funds.

B.

agencies to use an audit process to maximize the value of and manage acquisition risks.

C.

federal departments to have single audits of financial management systems.

D.

agencies to establish and assess internal controls related to audits.

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Question 2

Which action represents an internal control deficiency in an agency responsible for building and maintaining dams?

Options:

A.

The agency inspects the completed work to assure compliance with the contract specifications.

B.

The agency releases the contractor's bond only after assuring that all work is performed satisfactorily.

C.

The agency responds to the maintenance needs only as complaints are received or as employees

report problems.

D.

The agency checks the references of bidders.

Question 3

For financial audits, generally accepted auditing standards require that auditors accomplish all of the following tasks EXCEPT

Options:

A.

adequately plan the work.

B.

make the audit report available to the public.

C.

obtain sufficient appropriate audit evidence.

D.

supervise any assistants.