GFOA Exam CPFO Topic 2 Question 103 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 103
Topic #: 2

[All CPFO Questions]

An independent auditor has prepared the chart below describing the status of the audit findings requested for an agency over the past four years.

Based upon these audit findings which of the following conclusions could be drawn on the agency's internal control framework?

AThe agency is addressing audit findings appropriately.

BFindings in year 2009 reflect policy improvement.

CThere is ineffective management of the agency.

DThe agency internal control staffing is adequate.

Show Suggested Answer

Suggested Answer: A

by Virgilio at Nov 15, 2024, 09:57 AM

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Viva

26 days ago

Maybe the agency's internal control team is too busy moonlighting as professional jugglers, hence the increasing number of audit findings. I'd go with option C and send them a performance review in the form of a circus ticket.

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Elza

4 days ago

B) Findings in year 2009 reflect policy improvement.

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Rosio

6 days ago

A) The agency is addressing audit findings appropriately.

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Levi

28 days ago

Hmm, the agency's internal control team must be slacking off. I bet they're busy playing Tetris during work hours. Option D is clearly not the right answer here.

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Lindsey

29 days ago

The graph shows a clear deterioration in the agency's internal control framework. Option C is the only logical conclusion here. Looks like they need to hire more control freaks, I mean, internal control specialists.

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Phuong

5 days ago

Option C) There is ineffective management of the agency.

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Kiley

2 months ago

While option B might be true, the overall trend of increasing audit findings indicates that the agency's internal control framework is not as effective as it should be. I would go with option C.

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Catalina

3 days ago

I think option C is the best choice considering the overall trend of audit findings for the agency.

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Mari

5 days ago

It's concerning to see the number of audit findings increasing over the years, option C does make sense.

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Mike

5 days ago

I agree, option C seems to be the most accurate based on the trend of increasing audit findings.

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Willodean

11 days ago

Even though option B mentions policy improvement, the overall trend suggests that option C is more appropriate.

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Daniel

12 days ago

It's concerning to see the number of audit findings rising over the years, option C does seem like a valid conclusion.

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Mammie

14 days ago

I agree, option C seems to be the most accurate based on the trend of increasing audit findings.

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France

2 months ago

I believe there is ineffective management of the agency based on the chart.

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Detra

2 months ago

The agency seems to be addressing the audit findings, but the consistent increase in the number of findings over the years suggests there may be some issues with their internal control framework. Option A seems like the appropriate choice here.

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