Question 1

There are some compensating benefits that the public sector can offer its workforce to offset the generally higher salaries available in the private sector. These can include all of the following EXCEPT:

Options :

A : Benefits — generous amount of paid days off per year as holidays, plus accrued vacation and reasonable health insurance.

B : Training and development — generally at par with the private sector.

C : Incentives — cash awards given to employees with significant cost effective suggestions.

D : None of the above

E : All of the above

Answer: A

Question 2

There are two major categories of questions interviewers can ask. _______ require the subject to give a detailed reply. ________ usually call for Yes/No replies or suggest a possible answer.

Options :

A : Open-ended questions, interrogative questions

B : Open-ended questions, closed-ended questions

C : Interrogative questions, closed-ended questions

D : Closed-ended questions, open-ended questions

Answer: B

Question 3

If specific integrity violations are suspected or detected, auditors may find it necessary to seek guidance from legal counsel, investigative staff, or law enforcement officials to get all of the following information EXCEPT:

Options :

A : Identify applicable laws and regulations

B : Design specific tests of compliance with applicable laws and regulations

C : Changing the results of the audit or investigation.

D : Assist with areas of the audit or investigation requiring special expertise.

Answer: C

Question 4

Properly conducted samples can be used to make inferences or generalizations about the entire population. The following four principles should guide sampling design:

Options :

A : A sampling technique should be used in which the probability for selecting any unit in the population can be calculated.

B : A sample should be drawn that is of appropriate size relative to the size of the population to which generalization is desired. And always test samples to ensure that they are truly representative of the population to which the evaluators hope to generalize on variables of critical interest.

C : All of the above

D : None of the above

Answer: C

Question 5

All of the following are the examples Payroll Red Flags EXCEPT:

Options :

A : Customer complaints that they are not receiving notices for nonpayment on account.

B : Inconsistent overtime hours for a cost center.

C : Overtime charged during a slack period.

D : Inconsistent overtime hours for a cost center.

Answer: A

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