CDFM Module 3: Accounting and Finance

CDFM Module 3: Accounting and Finance practice questions, page 4 of 4, with answer review and explanations.

Question 16

An agency has requested a Generally Accepted Government Auditing Standards (GAGAS) financial audit to assess risk. When planning the audit, what information should the auditor(s) evaluate?

  1. The agency’s operating instructions
  2. The agency’s business practices
  3. Strategic planning documentation
  4. Findings from previous audits