CIG Auditing & Investigations 2

Question 1

During a performance audit, an auditor discovers that management has implemented controls AFTER the audit period. What is the appropriate action?

Accepted Answer

Document the new controls and note they were implemented after the audit period

Answer

Auditors should document subsequent events like post-period control implementations as they may affect the audit findings or recommendations.

Question 2

Which type of audit evidence is generally considered most reliable when auditing a government procurement program?

Accepted Answer

Original contracts and purchase orders obtained directly from agency files

Answer

Original source documents obtained directly from agency files are more reliable than summaries or oral representations because they are unaltered primary evidence.

Question 3

An OIG investigator receives an allegation that a federal employee is working a second job during government hours. Which investigative technique is MOST appropriate as a first step?

Accepted Answer

Reviewing the employee's time and attendance records

Answer

Reviewing time and attendance records is a non-intrusive first step that can corroborate or refute the allegation before more resource-intensive techniques are employed.

Question 4

The 'three-E's' framework in government performance auditing evaluates programs based on which criteria?

Accepted Answer

Economy, Efficiency, and Effectiveness

Answer

The three-E's framework—Economy, Efficiency, and Effectiveness—is the foundational standard for evaluating government program performance under GAGAS.

Question 5

When preparing an investigative report, which element distinguishes a finding from an allegation?

Accepted Answer

Findings are supported by sufficient evidence while allegations are unsubstantiated claims

Answer

A finding is a conclusion supported by sufficient, credible evidence gathered during the investigation, whereas an allegation is an unproven assertion.

(CIG) Certified Inspector General Practice Test

(CIG) Certified Inspector General Practice Test

CIG Auditing & Investigations 2