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Certified Government Financial Manager (CGFM) (CGFM) - AGA Exam Questions

Last updated on June 20, 2026

97% Exam Compliance
115 Total Questions
1
Question
According to the GAO, internal control is a process used by management to
Options
A set the tone at the top.
B help an entity achieve its objectives.
C develop a strategic plan.
D design an ERM system.
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2
Question
Compliance reporting, under government auditing standards, identifies all of the following components EXCEPT
Options
A review of major internal control cycles.
B areas of noncompliance.
C the scope of the compliance testing.
D the auditor's responsibility for tests of compliance.
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3
Question
Who holds primary responsibility for establishing internal controls?
Options
A management
B ccountants
C audit committee
D internal auditors
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4
Question
Performance measures that relate program inputs to program outcomes are called
Options
A cost-effectiveness measures.
B efficiency measures.
C activity measures.
D process measures.
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5
Question
The scope of a single audit engagement includes all of the following EXCEPT
Options
A performance results.
B financial statements.
C compliance with terms of the award.
D internal controls.
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