IIA-CGAP Exam Questions and Answers

QUESTION: 41

The purpose of _________ is to establish the criteria or overall framework for the purposeful, systematic, and balanced steps or actions that the auditor has to follow. And they are related to the general____________, which set out the basic requirements for undertaking the tasks covered by the field standards:

Control standards, Field standards
Auditing standards, Field standards
Field standards, Control standards
Field standards, Auditing standards

Answer(s): D

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QUESTION: 42

Following are the field standards that are applicable to all types of audits EXCEPT:

The controller, in determining the extent and scope of the audit, should study and evaluate the reliability of internal control.
Competent, relevant, and reasonable evidence should be obtained to support the auditor's judgment and conclusions regarding the organization, program, activity, or function under audit.
The auditor should plan the audit in a manner which ensures that an audit of high quality is carried out in an economic, efficient, and effective way and in a timely manner.
The work of the audit staff at each level and audit phase should be properly supervised during the audit; and documented work should be reviewed by a senior member of the audit staff.

Answer(s): A

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QUESTION: 43

All of the following are the reporting standards in government auditing EXCEPT:

The auditor should plan the audit in a manner which ensures that an audit of high quality is carried out in an economic, efficient, and effective way and in a timely manner.
It is for the SAI to which they belong to decide finally on the action to be taken in relation to fraudulent practices or serious irregularities discovered by the auditors.
At the end of each audit the auditor should prepare a written opinion or report, as appropriate, setting out the findings in an appropriate form; its content should be easy to understand and be independent, objective, fair, and constructive.
The work of the audit staff at each level and audit phase should be properly supervised during the audit; and documented work should be reviewed by a senior member of the audit staff.

Answer(s): A,C

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QUESTION: 44

With regard to __________, the auditor should prepare a written report, which may either be a part of the report on the ____________ or a separate report on the tests of compliance with applicable laws and regulations. The report should contain a statement of positive assurance on those items tested for compliance and negative assurance on those items not tested:

Income statements, financial audits
Financial statements, regularity audits
Regularity audits, financial statements
operational audits, financial statements

Answer(s): C

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QUESTION: 45

The _______________ mission is to serve the public interest, strengthen the global accountancy profession, and contribute to the development of strong international economies by establishing and promoting adherence to high-quality professional standards, furthering the international convergence of such standards, and speaking out on public interest issues where the profession's expertise is most relevant:

International Standards for the Professional Practice of Internal Auditing (ISPPIA).
The International Federation of Accountants (IFAC)
International Organization of Supreme Audit Institutions (INTOSAI) Standards.
International Standards on Auditing (ISA).

Answer(s): B

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QUESTION: 46

Which committee of IFAC issues pronouncements aimed at developing and harmonizing public sector financial reporting, accounting, and auditing practices while "Public sector" refers to national governments, regional (state, provincial, territorial) governments, local (city, town) governments, and related governmental entities (agencies, boards, commissions, and enterprises)?

Advisory committee
Ethic's committee
Public Sector Committee (PSC)
general rules and regulation committee

Answer(s): C

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QUESTION: 47

The auditors of public sector entities may be required to report on all of the following EXCEPT:

reporting to the owners
Compliance with legislative or regulatory requirements and related authorities;
Adequacy of accounting and internal control systems;
Economy, efficiency, and effectiveness of programs, projects, and activities.

Answer(s): A

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QUESTION: 48

All of the following are the objectives of an audit EXCEPT:

Compliance with legislative or regulatory requirements and related authorities.
the auditor's opinion enhances the credibility of the financial statements, the user Cannot assume that the opinion is an assurance as to the future viability of the entity nor the efficiency or effectiveness with which management has conducted the affairs of the entity.
The phrases used to express the auditor's opinion are "give a true and fair view" or "present fairly, in all material respects," which are equivalent terms.
The objective of an audit of financial statements is to enable the auditor to express an opinion whether the financial statements are prepared, in all material respects, in accordance with and identified financial reporting framework.

Answer(s): A

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IIA IIA-CGAP Exam (page: 6) IIA Certified Government Auditing Professional Updated on: 15-Feb-2026

QUESTION: 41

QUESTION: 42

QUESTION: 43

QUESTION: 44

QUESTION: 45

QUESTION: 46

QUESTION: 47

QUESTION: 48

IIA IIA-CGAP Exam (page: 6)
IIA Certified Government Auditing Professional
Updated on: 15-Feb-2026