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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Joanna

21 hours 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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Mose

2 days 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

6 days ago

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

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Shonda

17 days ago

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

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Myrtie

18 days 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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Joni

3 days ago

A) Public Company Accounting Oversight Board

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Bok

21 days ago

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

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Vashti

22 days ago

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

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