Cgfm exam 1 all questions - Study guides, Class notes & Summaries

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CGFM Exam 1 Questions and Answers- ALL
  • CGFM Exam 1 Questions and Answers- ALL

  • Exam (elaborations) • 70 pages • 2024
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  • CGFM Exam 1 Questions and Answers- ALL
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CGFM - Exam 1: Government Environment Questions and Answers Graded A+
  • CGFM - Exam 1: Government Environment Questions and Answers Graded A+

  • Exam (elaborations) • 44 pages • 2023
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  • CGFM - Exam 1: Government Environment Questions and Answers Graded A+ Government Sovereignty Nat'l government can't be sued by states or by citizens w/out its permission. Government Authority Derived from constitutions or charters (local versions of a constitution), statutes, executive orders & regulations. 3 Levels 1) National 2) State 3) Local The primary purpose of each is to provide services to citizens. Separate and distinct, yet they may coordinate their efforts. 3 Branches 1) Legisla...
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CGFM Exam: Section 1, Chapter 1:  Questions and answers/ rated A+| Questions with 100% Correct Answers | Verified | Latest Update.
  • CGFM Exam: Section 1, Chapter 1: Questions and answers/ rated A+| Questions with 100% Correct Answers | Verified | Latest Update.

  • Exam (elaborations) • 5 pages • 2024
  • CGFM Exam: Section 1, Chapter 1: Questions and answers/ rated A+ Difference between a budget in public vs. private sector? - -Public sector = Law/Private sector = benchmark for performance and goals for growth Primary control device in Govt? - -budget Financial Reports - -primary mechanism by which public officials are able to demonstrate accountability. They show how much was raised, how it was spent, and whether spending was in compliance with the budget. State Authority - -All the...
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CGFM Exam 3: Section 5, Chapter 1 - What is an Audit? Questions & Answers 2023/2024
  • CGFM Exam 3: Section 5, Chapter 1 - What is an Audit? Questions & Answers 2023/2024

  • Exam (elaborations) • 6 pages • 2023
  • CGFM Exam 3: Section 5, Chapter 1 - What is an Audit? Questions & Answers 2023/2024 Audit definition - ANSWER-an independent, systematic, objective and unbiased assessment that provides answers to a set of questions. "Material" meaning - ANSWER-use "material" in the context of whether reasonable people would consider that an omission or misstatement would have changed their opinions regarding the auditor's conclusions. Which Agency issued the Generally Accepted Auditing Standards...
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