Certified Government Auditing Professional (CGAP) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Certified Government Auditing Professional (CGAP) Exam with interactive quizzes! Enhance your understanding with flashcards and detailed explanations. Aim for success and feel confident on exam day.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What is the best reason for the chief audit executive to consider management's strategic plan in developing the audit plan?

To ensure the audit plan supports overall agency objectives.
To ensure the audit plan receives senior management endorsement.
To make recommendations for improving the strategic plan.
To highlight the importance of the audit function.

The correct answer is: To ensure the audit plan supports overall agency objectives.

The best reason for the chief audit executive to consider management's strategic plan when developing the audit plan is to ensure that the audit plan aligns with and supports the agency's overall objectives. The audit plan serves as a roadmap for the audit function, guiding the allocation of resources and focus of audit activities. By aligning the audit plan with strategic goals, the chief audit executive ensures that the audits conducted are relevant and impactful, addressing key areas that are critical for the agency’s success. When the audit plan supports agency objectives, it demonstrates the audit function's role in facilitating the achievement of those goals, thereby enhancing its value within the organization. This strategic alignment can also help to ensure that potential risks are identified and mitigated in areas that matter most to the agency's mission, promoting efficient use of resources and fostering confidence among stakeholders in the agency’s operations.