Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

AGA Exam CGFM Topic 4 Question 48 Discussion

Actual exam question for AGA's Certified Government Financial Manager exam
Question #: 48
Topic #: 4
[All Certified Government Financial Manager Questions]

If a reportable condition might result in a material misstatement of financial statements, then it must be noted as a:

Show Suggested Answer Hide Answer
Suggested Answer: A

by Wilbert at May 30, 2024, 02:29 PM

Limited Time Offer

25%

Off

Get Premium CGFM Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Viki
2 months ago
Option A, no doubt. Material weakness is the way to go. Unless, of course, we're talking about my biceps. Then it's a whole different story.
upvoted 0 times
Ellsworth
1 months ago
User 3: Material weakness is key in ensuring accurate financial reporting.
upvoted 0 times
...
Eva
1 months ago
User 2: Definitely, it's important to note any potential misstatements.
upvoted 0 times
...
Fairy
2 months ago
User 1: I agree, material weakness is the right choice.
upvoted 0 times
...
...
Gene
2 months ago
I'm going with A. Material weakness. Doesn't that just sound so official and important? Like the financial version of a secret agent code name.
upvoted 0 times
Mozelle
2 months ago
D) Adverse condition. That sounds serious, like it could have a big impact on the financial statements.
upvoted 0 times
...
Dean
2 months ago
B) Unqualified report. I think it's more about the condition being noted in the financial statements.
upvoted 0 times
...
Deandrea
2 months ago
A) Material weakness. Definitely sounds important, like a secret agent code name.
upvoted 0 times
...
...
Sheridan
3 months ago
I'm not sure, but I think it could also be D) Adverse condition.
upvoted 0 times
...
Isadora
3 months ago
I agree with Christiane. A material misstatement could definitely be a material weakness.
upvoted 0 times
...
Josefa
3 months ago
Definitely option A. I mean, who wants an 'unqualified report' or a 'revised situation'? Gotta keep those financials squeaky clean.
upvoted 0 times
...
Lenna
3 months ago
A material weakness? Sounds about right. Can't have those sneaky financial statements tripping us up, am I right?
upvoted 0 times
Fanny
2 months ago
D) Adverse condition
upvoted 0 times
...
Mitsue
2 months ago
D) Adverse condition
upvoted 0 times
...
Peter
2 months ago
Definitely, we need to ensure accuracy in financial reporting.
upvoted 0 times
...
Marget
2 months ago
A) Material weakness
upvoted 0 times
...
Alease
2 months ago
A) Material weakness
upvoted 0 times
...
Pa
2 months ago
D) Adverse condition
upvoted 0 times
...
Reta
2 months ago
A) Material weakness
upvoted 0 times
...
...
Christiane
3 months ago
I think the answer is A) Material weakness.
upvoted 0 times
...

Save Cancel