CGFM Test 3 questions with correct answers(rated A+)fully solved

CGFM Test 3 questions with correct answers(rated A+)fully solvedA-76 - correct answer Directive issued by OMB that establishes federal policy for the competition of commercial activities Abuse - correct answer behavior that is deficient or improper when compared with behavior that a prudent person would consider reasonable and necessary business practice given the facts and circumstances Account cleanup - correct answer process of researching, analyzing and evaluating old accounts in an accounting system to determine if they should be terminated or continued, and terminating those that meet the termination criteria Accountability - correct answer A process involving the rendering of an account by public officials to the citizenry and other stakeholders, regarding such matters as compliance to the laws, financial probity, efficient performance, and effective service delivery. For it to function there need to be benchmarks against which performance can be measured Administrative Offset - correct answer the process of collecting delinquent debt by offsetting payments due to the debtor under other applicable government programs like loans, grants or contracts Analytical tests - correct answer analyzing information about the auditee and are performed at the start of each audit Audit risk - correct answer combination of inherent risk, control risk and detection risk Automated Clearinghouse System - correct answer authorizes the government to automatically deposit to or withdraw from a personal or corporate bank account Benford Digital Analytics - correct answer more transactions begin with the number one than larger numbers