PFM/PA

Which of the following represents some of the major components of the budget cycle?

• Macro-fiscal framework, budget planning, budget preparation, budget execution, auditing, reporting

• Ministries of finance, line ministries, accountant general, supreme audit institution

• Fiscal discipline, allocative efficiency, technical efficiency

• Revenue collection, public expenditure, public accountability

What is likely to happen if revenue forecasts are overly optimistic?

• The government’s borrowing costs will go down

• The government’s debt will fall

• The government will be forced to cut spending on public programs

• The budget deficit will decline

The following are mechanisms that can be used to impose greater discipline on macro-fiscal planning:

• Sovereign loan guarantees

• Monetary financing

• Fiscal stimulus

• Fiscal rules

The government’s budget document refers to:

• Either the budget proposed by the executive or the budget law passed by legislature

• The budget proposed by the executive

• The budget law passed by legislature

• The executed amounts by the executive

Which of the following is the OECD’s procurement assessment tool?

• PEFA

• MAPS

• TADAT

• PETS

Which of the following describes an accrual basis of accounting?

• Revenue is recognized when cash is received, expenditures are recorded when the expense occurs, and it is a comparatively simple accounting approach

• Revenue is recognized when the right to receive payment is obtained, expenditures are recorded when the expense is incurred and/or when there is an obligation to pay, and it is a relatively complex accounting method

• Revenue is recognized when the right to receive payment is obtained, expenditures are recorded when cash is paid out, and it is a relatively inexpensive and non-complex accounting approach

• Revenue is recognized when cash is received, expenditures are recorded when cash is paid out, and this is a low cost option

Why is communication important for an SAI?

• It helps disseminate information about audit findings & It helps to bolster the credibility of the SAI

• It helps disseminate information about audit findings

• It helps to bolster the credibility of the SAI

• It boosts the career of the auditor general on YouTube

How might you look at changes in social networks?

• Changes in density

• Changes in density, gaps, and bridges in relationships

• Changes in funding techniques used by CSOs

• Changes in gaps and bridges in relationships

The decision to select and approve a public investment project depends in part on the:

• Availability of funds in the budget

• Benefits, costs, and risks associated with a particular project

• Relationships among proposed project

• All of these factors