CDFM Module 1.3 (Risk Management and Internal Control)Correct 100%

CDFM Module 1.3 (Risk ManagemeWhat is the name of the Department's internal control effort? - ANSWER Manager's Internal Control Program The purposes of the Federal Managers Financial Integrity Act of 1982 are to prevent waste or misuse of agency funds or property and to assure the accountability of what? - ANSWER Accountability of assets What do internal controls reasonably ensure? - ANSWER Objectives Operations: effectiveness and efficiency of operations Reporting: Reliability of reporting for internal and external use Compliance: Compliance with applicable laws and regulations What agency issues "Standards for Internal Control in the Federal Government" (Green Book)? - ANSWER U.S. Government Accountability Office Segregation of duties is a type of which internal control standard? - ANSWER Control activities The Financial Manager's Financial Integrity Act report must include agency plans to nt and Internal Control)Correct 100%