Practice IIA-CGAP-US Exam Online

Question 1

Which of the following are the two broad classifications of management styles please mark the correct option:

A : Directing management

B : Autocratic management

C : Consultative management

D : All of the above

Answer: B

Question 2

COSO was a private-sector initiative started in the 1980s to address the problem of fraudulent financial reporting. Problems continued to persist in the 1980s and the private sector was wary of additional government intervention, so all of the following five organizations banded together to form COSO please choose the correct option:

A : American Institute of Certified Public Accountants

B : Financial Executives Institute and American Accounting Association

C : Institute of Management Accountants and the Institute of Internal Auditors

D : All of the above

Answer: D

Question 3

All of the following are the examples Payroll Red Flags EXCEPT:

A : Customer complaints that they are not receiving notices for nonpayment on account.

B : Inconsistent overtime hours for a cost center.

C : Overtime charged during a slack period.

D : Inconsistent overtime hours for a cost center.

Answer: A

Question 4

The budget authority is generally a “ceiling” provided by law for obligations and expenditures. Some common forms of budget authority include all of the following EXCEPT:

A : Appropriation — this is the most common form of budget authority, which permits agencies to incur obligations and expend funds.

B : Legal restrictions on an organization

C : Public debt authority — funds derived from the sale public debt securities of the federal government.

D : Contract authority — statutory authority under which obligations may be entered into prior to receiving an appropriation

Answer: B

Question 5

All of The following are questions auditors may ask when testing controls of safeguards over assets and records please choose the correct option:

A : Does management provide a favorable control environment in the organization?

B : Is confidential or sensitive information kept separate from other records?

C : None of the above

D : All of the above

Answer: B

Name:	Certified Government Auditing Professional - US Version
Exam Code:	IIA-CGAP-US
Certification:	IIA-CGAP
Vendor:	IIA
Total Questions:	340
Last Updated:	May 30, 2026

IIA IIA-CGAP-US Answers