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Free Office of the Auditor General of Canada Exam Exam Questions and Answers

Last updated: March 29, 2025

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Office of the Auditor General of Canada Exam

#Question
How should an auditor respond to management's request to limit the scope of the audit?
A.
Agree without question
B.
Ignore the request
C.
Explain the importance of a comprehensive audit
D.
Reduce the scope as requested
Correct Answer: C
The auditor should explain the importance of a comprehensive audit and the implications of limiting the scope for financial reporting.

Office of the Auditor General of Canada Exam

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How should an auditor respond to management's request to limit the scope of the audit?


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#Question
What is one of the primary benefits of conducting regular audits in government entities?
A.
Decreased transparency
B.
Increased costs
C.
Reduced staff turnover
D.
Improved financial accountability
Correct Answer: D
Conducting regular audits in government entities improves financial accountability and ensures adherence to regulations and policies.

Office of the Auditor General of Canada Exam

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What is one of the primary benefits of conducting regular audits in government entities?


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#Question
In which scenario would it be appropriate for an auditor to issue a disclaimer of opinion?
A.
When the audit scope is limited
B.
When the financial statements are accurate
C.
When no errors are found
D.
When there is fraud detected
Correct Answer: A
An auditor issues a disclaimer of opinion when the audit scope is limited to the extent that the auditor cannot express an opinion on the financial statements.

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In which scenario would it be appropriate for an auditor to issue a disclaimer of opinion?


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#Question
What does the term 'materiality' signify in the context of an audit?
A.
Confidentiality of information
B.
Importance of data
C.
Complexity of financial statements
D.
Significance of an omission or misstatement
Correct Answer: D
Materiality signifies the significance of an omission or misstatement that could influence the decisions of financial statement users.

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What does the term 'materiality' signify in the context of an audit?


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#Question
When assessing the effectiveness of an audit committee, what key factor should be considered?
A.
Location of members
B.
Frequency of meetings
C.
Size of the committee
D.
Independence and expertise
Correct Answer: D
The independence and expertise of an audit committee are critical factors in assessing its effectiveness in overseeing audits.

Office of the Auditor General of Canada Exam

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When assessing the effectiveness of an audit committee, what key factor should be considered?


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#Question
What role does the Auditor General play in promoting public accountability?
A.
Conducting audits and reporting findings
B.
Managing public relations
C.
Enforcing laws
D.
Preparing budgets
Correct Answer: A
The Auditor General conducts audits and reports findings to promote public accountability in government operations.

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What role does the Auditor General play in promoting public accountability?


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#Question
What should an auditor do if they encounter errors in financial statements during the audit?
A.
Adjust the statements
B.
Request more time
C.
Ignore the errors
D.
Report the errors to management
Correct Answer: D
The auditor should report errors to management to ensure transparency and accountability in financial reporting.

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What should an auditor do if they encounter errors in financial statements during the audit?


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FAQ

Q1: What are Canada Public Service Exams?
A: Canada Public Service Exams are standardized tests used to assess candidates’ skills, knowledge, and competencies for various roles in the federal, provincial, and municipal governments. These exams are part of the hiring process for public sector jobs in Canada.

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