CIG Auditing & Investigations 3

Question 1

An OIG auditor identifies a significant deficiency in internal controls. Under GAGAS, this finding must be communicated to:

Accepted Answer

Management and those charged with governance in the written report

Answer

GAGAS requires that significant deficiencies be communicated in writing to management and those charged with governance, such as an agency's audit committee or board.

Question 2

Which standard of evidence is typically required to sustain a finding in an administrative investigation by an OIG?

Accepted Answer

Preponderance of the evidence

Answer

Administrative investigations typically use the preponderance of the evidence standard (more likely than not), which is lower than the criminal standard of beyond a reasonable doubt.

Question 3

When an OIG auditor discovers potential fraud during a compliance audit, the FIRST required action is to:

Accepted Answer

Immediately notify the appropriate investigative personnel and legal counsel

Answer

GAGAS requires auditors who discover indicators of fraud to promptly communicate this to appropriate investigative personnel and legal counsel rather than continuing the audit as normal.

Question 4

The concept of 'independence in appearance' in auditing means that:

Accepted Answer

Auditors must avoid situations that would lead a reasonable person to question their objectivity

Answer

Independence in appearance requires that auditors avoid circumstances that would cause a reasonable person to doubt their objectivity, even if actual independence is maintained.

Question 5

A federal investigator wants to access an employee's government-issued email account during an investigation. Which legal authority most directly supports this access?

Accepted Answer

The government's banner notice and reduced expectation of privacy policy

Answer

Government employees are notified via banner notices that they have a reduced expectation of privacy on government systems, allowing authorized investigators to access agency email accounts.

(CIG) Certified Inspector General Practice Test

(CIG) Certified Inspector General Practice Test

CIG Auditing & Investigations 3