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Exam Code: CGFM
Exam Name: Certified Government Financial Manager (CGFM)
Vendor: AGA

60 Questions & Answers
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NEW QUESTION: 1
Which of the following is the BEST reason to use qualitative measures to express residual risk levels related to emerging threats?
A. Qualitative measures require less ongoing monitoring.
B. Qualitative measures are better able to incorporate expert judgment.
C. Qualitative measures are better aligned to regulatory requirements.
D. Qualitative measures are easier to update.
Answer: B

NEW QUESTION: 2
A network engineer is configuring guest access and notices that when a guest user registers a second device for access, the first device loses access What must be done to ensure that both devices for a particular user are able to access the guest network simultaneously?
A. Use a custom portal to increase the number of logins
B. Configure the sponsor group to increase the number of logins.
C. Create an Adaptive Network Control policy to increase the number of devices
D. Modify the guest type to increase the number of maximum devices
Answer: D
Explanation:
https://content.cisco.com/chapter.sjs?uri=/searchable/chapter/content/en/us/td/docs/security/ise/2-7/admin_guide/b_ise_admin_guide_27/b_ise_admin_guide_27_chapter_01111.html.xml

NEW QUESTION: 3
If the business environment is experiencing a recession, the auditor most likely would focus increased
attention on which of the following accounts?
A. Common stock.
B. Noncontrolling interest of a subsidiary purchased during the year.
C. Purchase returns and allowances.
D. Allowance for doubtful accounts.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Choice "B" is correct. During an economic downturn, it is more likely that customers will default on
payments owed. The auditor should therefore focus increased attention on the allowance for doubtful
accounts, to ensure that it has been adjusted to appropriately reflect this increased risk.
Choice "A" is incorrect. A recession is not likely to affect purchase returns and allowances, though it might
result in a decline in purchases.
Choice "C" is incorrect. A recession is not likely to directly affect the common stock account.
Choice "D" is incorrect. A recession is not likely to directly affect a pre-existing, noncontrolling interest in a
subsidiary.


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