Financial CGAP Exam

If you are interested in pursuing a career in government auditing, the Certified Government Auditing Professional (CGAP) credential is an essential step in achieving your professional goals. This certification is globally recognized and demonstrates your expertise in government auditing practices and principles. The CGAP exam is designed to evaluate your knowledge, skills, and abilities in the field of government auditing, and passing the exam will enhance your career opportunities and professional credibility.

Exam Objectives:

The CGAP exam covers four domains:

• Domain I: Standards, Governance, and Risk/Control Frameworks (25%)
• Domain II: Government Auditing Practice (35%)
• Domain III: Government Auditing Skills and Techniques (20%)
• Domain IV: Government Auditing Environment (20%)

The objectives of the CGAP exam are to:

• Evaluate your understanding of government auditing standards and the related frameworks
• Evaluate your knowledge of government auditing practices and procedures
• Evaluate your skills and techniques related to government auditing
• Evaluate your understanding of the government auditing environment

Exam Details:

The CGAP exam is a computer-based exam that consists of 115 multiple-choice questions. Candidates have three hours to complete the exam. The exam is delivered through Pearson VUE testing centers, and the cost of the exam is $525 for members of the Institute of Internal Auditors (IIA) and $680 for non-members.

The passing score for the CGAP exam is 75%. Candidates will receive their exam results immediately after completing the exam. Candidates who do not pass the exam may retake it after a waiting period of 90 days. Candidates are allowed a maximum of four attempts to pass the exam within a 12-month period.

The CGAP exam is available in English, French, Spanish, Arabic, and Turkish.

Who should take the exam?

The CGAP exam is designed for professionals who work in government auditing, including auditors, internal auditors, audit managers, and consultants. Candidates for the CGAP exam should have a minimum of two years of experience in government auditing, as well as a bachelor's degree or equivalent education.

Before taking the CGAP exam, candidates must meet the eligibility requirements established by the IIA. This includes having a minimum of two years of experience in government auditing and passing the Character Reference Form.

Related Books:

Studying for the CGAP exam requires a deep understanding of the four domains covered on the exam. There are many books and study materials available that can help candidates prepare for the exam. Some recommended books for CGAP exam preparation include:

• Government Auditing Standards and Single Audits, by AICPA
• Auditing Government Performance: A Handbook for the Local Auditor, by Peter Seifert
• Government Auditing: Standards and Practices, by Edward Kearney
• Governmental Auditing, by Raymond H. Hoobler and D. Larry Crumbley
• The Auditor's Guide to Government Auditing Standards, by Dan M. Clark

In addition to these books, candidates may also find it helpful to review the International Professional Practices Framework (IPPF) and the Generally Accepted Government Auditing Standards (GAGAS), as these are the primary standards and frameworks used in government auditing.

It is important for candidates to dedicate sufficient time to studying and preparing for the CGAP exam. This may include attending training courses, reviewing study materials, and taking practice exams. The IIA offers a range of training courses and resources to help candidates prepare for the exam, including online courses, study guides, and webinars.

By passing the CGAP exam, professionals can demonstrate their expertise in government auditing practices and principles, which can lead to greater career opportunities and increased professional credibility. With the right preparation and dedication, candidates can successfully pass the CGAP exam and achieve their professional goals in government auditing.