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GFOA CPFO Exam Actual Questions

The questions for CPFO were last updated on Oct 4, 2024.
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Question No. 1

Most States require that local government engage the services of an _________ firm to audit their financial statements.

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Correct Answer: B

Question No. 2

The auditor(s) should:

I- Adequately plan the work and properly supervise assistants

II- Properly study internal accounting controls to determine their reliability

These points are the part of

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Correct Answer: B

Question No. 3

The auditors provide _______________ of the reliability of the financial statements.

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Correct Answer: A

Question No. 4

Which of the following opinions is not expressed by auditors as to whether financial statements are expressed fairly in all material respects with respect to generally accepted accounting principles?

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Correct Answer: D

Question No. 5

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

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Correct Answer: A

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