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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15 days 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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18 days ago

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

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19 days ago

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

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24 days ago

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

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