AGA GAFRB Q&A - in .pdf

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  • Exam Name: Examination 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB)
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NEW QUESTION: 1
An investment recommendation can be disseminated to clients via each of the following methods, EXCEPT:
A. by oral communication.
B. through a brief update report.
C. by deletion from a recommended list.
D. all of these answers are acceptable methods.
E. through an initial detailed research report.
F. by addition to a recommended list.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
According to Standard IV (B.3) - Fair Dealing, an investment recommendation is any opinion expressed by a member in regard to purchasing, selling or holding a given security or other investment. All of the methods listed are acceptable for dissemination.

NEW QUESTION: 2
Refer to the exhibit.

Which ISE flow mode does this diagram represent?
A. low-impact mode
B. monitor mode
C. closed mode
D. application mode
Answer: D

NEW QUESTION: 3
What should be the PRIMARY objective for a risk practitioner performing a post-implementation review of an IT risk mitigation project?
A. Validating the risk mitigation project has been completed
B. Documenting project lessons learned
C. Verifying that the risk level has been lowered
D. Confirming that the project budget was not exceeded
Answer: B

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