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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France

10 days ago

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

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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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Virgilio

17 days ago

I agree with Iesha, the findings in year 2009 show policy improvement.

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Iesha

20 days ago

I think the agency is addressing audit findings appropriately.

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GFOA Exam CPFO Topic 2 Question 103 Discussion

Contribute your Thoughts:

France

Detra

Virgilio

Iesha