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Update date : 03-Oct-2025
QA: 115 Answers With In-Depth Explanation
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GAFRB PDF Package

GAFRB PDF Exam (Downloadable)
Latest 2025 Syllabus Topics Included
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Updated : 03-Oct-2025
QA : 115 Answers With In-Depth Explanation
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GAFRB Question and answers Include

Total Questions: 115 Q&A's
Single Choice: 115 Q&A's

What GAFRB Questions and Answers feature?

GAFRB Valid and Updated Examination 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB) Q&A Dumps

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GAFRB Questions and Answers

Question # 1

The four general government auditing standards are

A.

compliance, timeliness, qualifications and due professional care.

B.

supervision, planning, management controls and evidence.

C.

planning, internal controls, independence and irregularities.

D.

qualifications, independence, due professional care and quality control.

Question # 2

An agency's Fund Balance with Treasury is increased by which of the following events?

A.

receipt of a Treasury warrant

B.

rescission of an appropriation

C.

a recovery of prior year obligations

D.

collection of custodial revenue

Question # 3

All the following are required financial statement reporting on governmental funds EXCEPT

A.

the balance sheet.

B.

the operating statement.

C.

expenditures and changes in fund balance.

D.

statement of cash flows.

View More GAFRB Questions

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