GRCA GKSS

What does AOFM stand for?

• Australian Order of Financial Managers

• Australian Office of Financial Management

• Audit of of Finances and Money

• Australian Office of Finance and Money

What was GRCA previously called prior to 1 July 2020?

• Risk Assurance

• Audit Assurance and Risk Consulting

• Governance Advisory

• Internal Audit

What is NOT a step in the process of an internal audit methodology?

• Substantive Testing

• Risk Assessment

• Reporting

• Fieldwork

What is the maximum amount you can claim for a parking expense?

• $12

• There is no limit

• A reasonable amount

• $15

What type of other assurance is the Services Australia job mentioned by Jackson?

• Deep Dive

• Scheme Assurance

• Health Check

• Live Assurance Snapshot

When is external audit busy season?

• All year round

• May - August

• End of calendar year

• 28 February

Who is the new KPMG CEO?

• Andrew Yates

• Eden Wray

• Gary Wingrove

• Richard Jamison

What piece of legislation requires Government Departments to have an Audit Committee?

• Commonwealth Constitution

• Corporations Act (Cth) 2011

• Public Governance, Performance and Accountability Act (Cth) 2013

• The Magna Carta

What does GRCA stand for?

• Government, Risk of the Commonwealth of Australia

• Golden Retriever Club of America

• Government, Risk and Consulting Advice

• Governance, Risk and Controls Advisory

Who are the Partners of GRCA?

• Phil and Brandon

• Kyle and Jackson

• Brandon and Sian

• Phil and Sarah