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Exam CGFM Topic 3 Question 50 Discussion
AGA Exam CGFM Topic 3 Question 50 Discussion
Actual exam question for AGA's CGFM exam
Question #: 50
Topic #: 3
[All CGFM Questions]
In a performance aygit, due professional care is used to
A
obtain sufficient and competent evidence.
B
determine scope.
C
set materiality of financial statements.
D
present the findings in accordance with GAAP.
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Suggested Answer:
D
by
Javier
at
Jul 02, 2024, 05:17 PM
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Roy
24 hours ago
Option A is the correct answer. Due professional care is all about gathering sufficient and competent evidence to support the audit findings.
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Shawnna
4 days ago
But what about setting materiality of financial statements? Isn't that important too?
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Alonso
5 days ago
I agree with Francisca, professional care is all about getting the right evidence.
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Francisca
10 days ago
I think the answer is A) obtain sufficient and competent evidence.
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Roy
24 hours agoShawnna
4 days agoAlonso
5 days agoFrancisca
10 days ago