Online Access Free CGFM Exam Questions

As a way to ensure fiduciary responsiblity, a government entity should include which of the following in its investment policy?

• A.prices and performance of its investment securities
• B.historical allocations of investment securities
• C.permissible and non-permissible investment securities
• D.key and non-key investment security controls

In addition to the Yellow Book, which group's external audit standards can the GAO reference?

• A.Public Company Accounting Oversight Board
• B.International Auditing and Assurance Standards Board.
• C.International Organization of Supreme Audit Institutions
• D.AICPA

Based on the data below, what can be concluded about outsourcing print job?

• A.Outsourcing printing is feasible.
• B.ABC Printing should be awarded the outsourcing contract.
• C.Outsourcing printing is necessary.
• D.It is better to keep the printing in-house.

A federal government agency that expends beyond its appropriation is in violation of the

• A.Sarbanes-Oxley Act.
• B.Antideficiency Act.
• C.Federal Financial Management Improvement Act.
• D.Federal Managers' Financial Integrity Act.

Which element of an inventory management system includes determining how much stock to have on hand?

• A.safeguard control
• B.inventory control
• C.management control
• D.supply control