GFOA Exam CPFO Topic 7 Question 91 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 91
Topic #: 7

[All CPFO Questions]

The auditor(s) should:

I- Adequately plan the work and properly supervise assistants

II- Properly study internal accounting controls to determine their reliability

These points are the part of

AGeneral Standards

BField work Standards

CReporting Standards

DAll of these

Show Suggested Answer

Suggested Answer: B

by Terina at Jul 02, 2024, 11:38 PM

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Hyun

4 months ago

Ooh, trick question! I'm gonna go with D, just to cover all my bases. Better safe than sorry, you know? Besides, who doesn't love a good 'all of the above' option?

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Ling

4 months ago

I'm feeling lucky, so I'll go with C, Reporting Standards. After all, what's the point of all the hard work if you can't put together a top-notch report, right? *wink wink*

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An

4 months ago

Hmm, I'm gonna go with B. Field work Standards. Sounds like the most comprehensive option that covers the key aspects of the auditor's job. Plus, it has a nice ring to it, don't you think?

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Gene

4 months ago

Yeah, I'm leaning towards B as well. It just makes the most sense.

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Albina

4 months ago

I agree with you, B. Field work Standards seems like the best fit.

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Estrella

4 months ago

I think it's D. All of these. Covers all the bases.

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Santos

4 months ago

D, all of these, for sure. Auditors need to nail down all the bases - planning, controls, and reporting. Anything less would be a half-baked audit, and that's not what we're here for.

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Lucy

4 months ago

D) All of these

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Kristel

4 months ago

C) Reporting Standards

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Darrin

4 months ago

B) Field work Standards

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Slyvia

4 months ago

A) General Standards

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Melvin

5 months ago

I think the correct answer is D) All of these because auditors need to follow all these standards for a thorough audit.

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Cassi

5 months ago

I believe these points are part of Field work Standards.

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Gayla

5 months ago

Gotta be B, Field work Standards. That's where we deal with the nitty-gritty of the audit process, including planning and supervision. Can't go wrong with that one.

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Jenifer

4 months ago

You make a good point. Field work Standards do focus on the planning and supervision aspects of the audit process. B could be the right choice.

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Golda

4 months ago

But isn't field work specifically about planning and supervision? That's why I think B, Field work Standards, is the correct answer.

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Stephania

4 months ago

I agree with you, D makes sense. It's important for auditors to plan, supervise, and study internal controls.

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Antonio

5 months ago

I think it's D, All of these. Auditors should follow all these standards to ensure a thorough audit.

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Truman

5 months ago

I agree with Jin. It's important for auditors to plan the work and supervise assistants as well.

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Jin

6 months ago

I think the auditor(s) should properly study internal accounting controls to determine their reliability.

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