Certified Government Auditing Professional (CGAP) Practice Exam

What is the least accurate statement regarding Government Auditing Standards?

1. IIA's Standards may be used in conjunction with Government Auditing Standards, but Government Auditing Standards prevail if inconsistencies exist.

2. Following Government Auditing Standards is statutorily required at the federal level.

3. Government Auditing Standards focus on the auditor and are silent on both the role of management and on non-audit work.

4. Government Auditing Standards contain requirements for audit reporting on internal control.

The correct answer is: Government Auditing Standards focus on the auditor and are silent on both the role of management and on non-audit work.

The least accurate statement regarding Government Auditing Standards is that they focus solely on the auditor and are silent on both the role of management and on non-audit work. In reality, Government Auditing Standards do encompass considerations related to the role of management, particularly in setting the tone for internal controls and providing relevant information to auditors. Additionally, while the focus is on the auditor's responsibilities and the audit process, Government Auditing Standards also recognize the importance of management's responsibilities in areas such as internal controls and compliance with applicable laws and regulations. Furthermore, the standards do address aspects of non-audit work, providing guidance on how auditors might approach additional consulting or advisory services in conjunction with their auditing responsibilities. Therefore, the assertion that Government Auditing Standards are silent on these matters is not accurate, making this statement the least accurate compared to the others which correctly represent the principles inherent in the standards.