CDFM Module 1: Resource Management Environment; Competency Area 4: Management's Responsibility for internal Control Correct 100%

CDFM Module 1: Resource Management Environment; Competency Area 4: Management's Responsibility for internal Cont What is the name of the Department's internal control effort? - ANSWER Manager's Internal Control Program The purposes of the Federal Managers' Financial Integrity Act of 1982 are to prevent t waste or misuse of agency funds or property and to assure the accountability of what? - ANSWER Assets What do internal controls reasonably ensure? - ANSWER Programs achieve intended 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 for Internal Control in the Federal Government"? - ANSWER Government Accountability Office (GAO) rol Correct 100%