CDFM Module 1 Competency 3: Knowledge
Check Exam Questions And Answers
What is the name of the Department's internal control effort? -
correct answer ✅Manger's Internal Control Program
The purpose of the Federal Manager's Integrity Act of 1982 are to
prevent waste or misuse of agency funds or property and to assure
the accountability of what? -
correct answer ✅Assets
What do internal controls reasonably ensure? -
correct answer ✅- Programs achieve results
- Resources are used efficiently
- Programs/resources are protected from waste, fraud, and
mismanagement
- Laws and regulations are followed
- Financial reporting is reliable and accurate
What agency issues "Standards of Internal Control in the Federal
Government'? -
correct answer ✅Govermant Accountability Office (GAO)
Check Exam Questions And Answers
What is the name of the Department's internal control effort? -
correct answer ✅Manger's Internal Control Program
The purpose of the Federal Manager's Integrity Act of 1982 are to
prevent waste or misuse of agency funds or property and to assure
the accountability of what? -
correct answer ✅Assets
What do internal controls reasonably ensure? -
correct answer ✅- Programs achieve results
- Resources are used efficiently
- Programs/resources are protected from waste, fraud, and
mismanagement
- Laws and regulations are followed
- Financial reporting is reliable and accurate
What agency issues "Standards of Internal Control in the Federal
Government'? -
correct answer ✅Govermant Accountability Office (GAO)
