CGAP Performance Auditing in Government

Question 1

What are the three 'E's' that define the core objectives of performance auditing in government?

Accepted Answer

Economy, Efficiency, and Effectiveness

Answer

Performance auditing in government assesses Economy (acquiring resources at the lowest cost), Efficiency (maximizing output per input), and Effectiveness (achieving intended goals).

Question 2

Which set of standards primarily governs performance audits conducted in the U.S. government sector?

Accepted Answer

GAGAS (Generally Accepted Government Auditing Standards)

Answer

GAGAS, issued by the U.S. Government Accountability Office (GAO), is the authoritative standard for government performance audits, also known as the 'Yellow Book.'

Question 3

In a performance audit, 'audit criteria' refers to which of the following?

Accepted Answer

The benchmarks or standards used to evaluate audit findings

Answer

Audit criteria are the reasonable and attainable benchmarks, standards, or expectations used to evaluate the program or activity being audited.

Question 4

A logic model in a performance audit is best described as:

Accepted Answer

A visual representation linking program inputs, activities, outputs, and outcomes

Answer

A logic model maps how program inputs and activities are expected to produce outputs and lead to intended outcomes, helping auditors understand program design and identify audit objectives.

Question 5

Which of the following best distinguishes 'outputs' from 'outcomes' in performance auditing?

Accepted Answer

Outputs are the direct products of program activities; outcomes are the results or changes attributable to those products

Answer

Outputs are the direct, tangible products of program activities (e.g., number of inspections conducted), while outcomes are the broader results or changes in conditions that the program aims to achieve.

CGAP - Certified Government Auditing Professional Practice Test

CGAP - Certified Government Auditing Professional Practice Test

CGAP Performance Auditing in Government