A.L.G.A CPE Quizzer

A.L.G.A. CPE Quiz

Based on Local Government Auditing Quarterly, June 2007
Prepared by the A.L.G.A. Education Committee

Instructions: To complete the Quizzer, please fill in the blanks below and answer the questions. Click the submit key when finished. Member Services will provide you with your grade and CPE certificate within 10 business days. The quizzer must receive a score of 75% or higher to receive credit, and can be taken one additional time if the initial score does not pass.

The Quizzer will qualify for CPE under the Government Auditing Standards, but A.L.G.A. does not guarantee that the Quizzer will meet the individual state CPA license requirements or the requirements of other professional associations. You will need to make that determination for yourself based on the rules of your state board of accountancy.

Name
Organization
State or Province
Email address
Phone

1. Gary Blackmer noted that he discovered performance auditing by accident because:

   a. his agency was being audited
   b. he can't remember
   c. the balanced scorecard impressed him
   d. he was auditing an agency that needed it

2. In Brandon Haynes article entitled, "The Nexters", he defined the Nexters as:

   a. those that came before the X Generation
   b. the new generation entering the workforce
   c. know-it-all brats
   d. those born between 1922 and 1945

3. One problem observed within the auditing profession by the Nexters is:

   a. too much training and development
   b. too much technology
   c. lack of technology
   d. lack of training and development

4. According to Nick Ciancio in "Building BLocks for an Ethical Culture", in what year was the original compliance reporting hotline started?

   a. 1972
   b. 1981
   c. 1999
   d. 2002

5. Which of the following is NOT a critical part of building an ethical business culture?

   a. a thorough Code of Conduct
   b. a dynamic Mission Statement
   c. employee training
   d. ongoing employee communications

6. Which book was first to write about double entry bookkeeping?

   a. Summa de Arithmetica
   b. Summa cum Laude
   c. Kieso and Weygandt, Intermediate Accounting
   d. the Bible

7. Which of the following is NOT an approach for measuring the fair value according to FASB standard No. 157?

   a. Market Approach
   b. Income Approach
   c. Derivatives Approach
   d. Cost Approach

8. Kaplan and Norton's first works on Balanced Scorecard was patterned on the system used by which company?

   a. Microsof
   b. IBM
   c. Analog Devices
   d. AnaDigital

9. In Martha Rogers article on Balanced Score Card Usage in Local Government Audit Shops, which of the following was NOT a performance measurement proposed as part of Developing Employees?

   a. Staff Experience
   b. Auditor Education Levels
   c. Training Dollars Spent per Internal Auditor
   d. Percent of Certified Staff

10. What standard(s) does ALGA encourage local government auditors to adopt and follow?

   a. Government Auditing Standards (GAS)-the Yellow Book
   b. International Standards for the Professional Practice of Internal
   c. AICPA Standards
   d. Either the Yellow Book or Red Book