AGA Exam CGFM Topic 3 Question 50 Discussion

Actual exam question for AGA's CGFM exam

Question #: 50
Topic #: 3

[All CGFM Questions]

In a performance aygit, due professional care is used to

Aobtain sufficient and competent evidence.

Bdetermine scope.

Cset materiality of financial statements.

Dpresent the findings in accordance with GAAP.

Show Suggested Answer

Suggested Answer: D

by Javier at Jul 02, 2024, 05:17 PM

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Jeannine

29 days ago

You know what they say, 'Due professional care is like a fine wine - it's all about the bouquet of evidence.'

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Dottie

13 days ago

A) obtain sufficient and competent evidence.

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Merrilee

1 months ago

Option B? Really? I've got two words for that: 'Scope creep.' No thank you!

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Bev

1 months ago

This is a classic case of 'the best answer is the one that's most specific to the question.' Option A is the clear winner here.

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Thurman

4 days ago

C) It's important to make sure the evidence gathered is sufficient and competent for a performance audit.

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Luke

5 days ago

B) I agree, option A is definitely the most specific and relevant choice.

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Berry

8 days ago

A) obtain sufficient and competent evidence.

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Anjelica

2 months ago

I'm torn between A and D, but I think A makes the most sense. Presenting the findings in accordance with GAAP is important, but it's not the primary focus of due professional care.

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Arlie

8 days ago

User 3: A is definitely the key here. Without proper evidence, the findings may not be reliable.

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Narcisa

17 days ago

User 2: I agree, A is the correct answer. It's important to have the right evidence to support the findings.

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Kasandra

1 months ago

User 1: I think A makes the most sense. Obtaining sufficient and competent evidence is crucial in a performance audit.

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Roy

2 months ago

Option A is the correct answer. Due professional care is all about gathering sufficient and competent evidence to support the audit findings.

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Fletcher

1 months ago

Option A is the correct answer. Due professional care is all about gathering sufficient and competent evidence to support the audit findings.

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Noel

1 months ago

Actually, it's not about presenting the findings, but rather obtaining the evidence to support them.

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Corazon

1 months ago

D) present the findings in accordance with GAAP.

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Fausto

1 months ago

A) obtain sufficient and competent evidence.

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Pete

1 months ago

That's correct. Due professional care requires auditors to gather enough evidence to support their findings.

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Nida

1 months ago

A) obtain sufficient and competent evidence.

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Shawnna

2 months ago

But what about setting materiality of financial statements? Isn't that important too?

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Alonso

2 months ago

I agree with Francisca, professional care is all about getting the right evidence.

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Francisca

3 months ago

I think the answer is A) obtain sufficient and competent evidence.

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