AGA Exam CGFM Topic 4 Question 33 Discussion

Actual exam question for AGA's CGFM exam

Question #: 33
Topic #: 4

[All CGFM Questions]

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

APublic Company Accounting Oversight Board

BInternational Auditing and Assurance Standards Board.

CInternational Organization of Supreme Audit Institutions

DAICPA

Show Suggested Answer

Suggested Answer: A

by Skye at Aug 29, 2023, 06:09 PM

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Tu

2 months ago

Glad I studied up on my government auditing organizations. INTOSAI is the way to go!

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Renea

6 days ago

C) International Organization of Supreme Audit Institutions

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Hector

12 days ago

B) International Auditing and Assurance Standards Board.

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Leonida

16 days ago

A) Public Company Accounting Oversight Board

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Joanna

2 months ago

Wait, the Yellow Book is a thing? I thought we were talking about a coloring book. INTOSAI it is, then!

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Charlene

25 days ago

D) AICPA

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Olga

1 months ago

C) International Organization of Supreme Audit Institutions

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Jamal

1 months ago

B) International Auditing and Assurance Standards Board.

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Serina

1 months ago

A) Public Company Accounting Oversight Board

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Mose

2 months ago

INTOSAI, of course! The GAO is part of the government, so it makes sense they'd use standards from that organization.

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Dominque

2 months ago

I think the AICPA standards would be a good option, but INTOSAI seems more relevant for government auditing.

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Shonda

2 months ago

I'm not sure, but I think it could also be C) International Organization of Supreme Audit Institutions.

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Myrtie

2 months ago

The International Organization of Supreme Audit Institutions (INTOSAI) is the correct answer. The GAO can reference their external audit standards in addition to the Yellow Book.

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Lilli

18 days ago

D) AICPA

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Markus

23 days ago

C) International Organization of Supreme Audit Institutions

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Nydia

25 days ago

B) International Auditing and Assurance Standards Board.

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Joni

2 months ago

A) Public Company Accounting Oversight Board

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Bok

2 months ago

I agree with Vashti, because the GAO can reference external audit standards from PCAOB.

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Vashti

3 months ago

I think the answer is A) Public Company Accounting Oversight Board.

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