Block III 1e Practice Exam Questions
And 100% Correct Answers.
The Financial Improvement and Audit Readiness (FIAR) - Answer __________ goal is to improve
the Department's financial management operations, helping provide America's Service men and
women with the resources they need to carry out their mission and improving our stewardship
of the resources entrusted to us by the taxpayers.
Financial statement audit - Answer Success will be demonstrated through a ________
________ _____ performed by independent auditors resulting in an unmodified audit opinion
on the Department's financial statements.
FIAR Guidance - Answer _________ _________ is a handbook that serves as a standard
reference guide for existing and new users involved in all audit readiness initiatives across the
Department.
Instructions - Answer FIAR Guidance provides _________ for implementing a consistent
department-wide plan for achieving FIAR objectives.
Periodically - Answer FIAR Guidance is updated ________ to ensure it remains current with the
Department's priorities and aligns with all applicable Federal and Departmental financial
management requirements.
Audit readiness - Answer _________ __________ is defined as having the capabilities in place
to allow an auditor to scope and perform a full financial statement audit that results in
actionable feedback.
Assertion of audit readiness - Answer ________ ___ _____ __________ is based on overall
progress against the critical capabilities as defined by the Office of the Under Secretary of
Defense (Comptroller) (OUSD(C)).
Produce auditable financial statements. - Answer The Chief Financial Officer and Federal
Financial Reform Act of 1990 require all federal agencies to...
National Defense Authorization Act - Answer ________ ________ _______ ____ of 2010
reasserted the need for the DoD to produce fully auditable financial statements, and financial
And 100% Correct Answers.
The Financial Improvement and Audit Readiness (FIAR) - Answer __________ goal is to improve
the Department's financial management operations, helping provide America's Service men and
women with the resources they need to carry out their mission and improving our stewardship
of the resources entrusted to us by the taxpayers.
Financial statement audit - Answer Success will be demonstrated through a ________
________ _____ performed by independent auditors resulting in an unmodified audit opinion
on the Department's financial statements.
FIAR Guidance - Answer _________ _________ is a handbook that serves as a standard
reference guide for existing and new users involved in all audit readiness initiatives across the
Department.
Instructions - Answer FIAR Guidance provides _________ for implementing a consistent
department-wide plan for achieving FIAR objectives.
Periodically - Answer FIAR Guidance is updated ________ to ensure it remains current with the
Department's priorities and aligns with all applicable Federal and Departmental financial
management requirements.
Audit readiness - Answer _________ __________ is defined as having the capabilities in place
to allow an auditor to scope and perform a full financial statement audit that results in
actionable feedback.
Assertion of audit readiness - Answer ________ ___ _____ __________ is based on overall
progress against the critical capabilities as defined by the Office of the Under Secretary of
Defense (Comptroller) (OUSD(C)).
Produce auditable financial statements. - Answer The Chief Financial Officer and Federal
Financial Reform Act of 1990 require all federal agencies to...
National Defense Authorization Act - Answer ________ ________ _______ ____ of 2010
reasserted the need for the DoD to produce fully auditable financial statements, and financial
