Question 1

All of The following are the areas that should be considered when identifying specific performance to measure EXCEPT:

Options :

A : Determine if recommendations for improvement or change are warranted.

B : Identify stakeholder needs.

C : Assess performance through bench marking or best practice reviews

D : Do not Identify processes within the program.

Answer: D

Question 2

Which services are advisory in nature, and are generally performed at the specific request of an engagement client and also the nature and scope of which services are subject to agreement with the engagement client?

Options :

A : Auditing services

B : Consulting services

C : Assurance services

D : Accounting services

Answer: B

Question 3

Properly conducted samples can be used to make inferences or generalizations about the entire population. The following four principles should guide sampling design:

Options :

A : A sampling technique should be used in which the probability for selecting any unit in the population can be calculated.

B : A sample should be drawn that is of appropriate size relative to the size of the population to which generalization is desired. And always test samples to ensure that they are truly representative of the population to which the evaluators hope to generalize on variables of critical interest.

C : All of the above

D : None of the above

Answer: C

Question 4

Permanent Fund is the Endowment-like arrangements available to support the operations or programs of the government (e.g., cemetery perpetual care funds), where as ________are used when a government wants to recoup all or a portion of the cost of providing a service (i.e., utility charges, mass transit fees).

Options :

A : Permanent fund, enterprise fund

B : Program budgeting, Zero-based budgeting

C : General Funds, Special Revenue Funds

D : Debt Service Fund, Capital Projects Fund

Answer: A

Question 5

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:

Options :

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

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