CPFO Exam Question and Answer

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GFOA CPFO Exam Sample Questions

Question: 4

A method used to assess accountability of state agencies includes:

  1. a bond rating review.
  2. program evaluation.
  3. judicial review.
  4. an ordinance compliance audit.


Answer: B

Question: 3

One way in which federal and state governments influence local governments is by:

  1. providing block grants.
  2. issuing ordinances.
  3. authorizing debt.
  4. setting budget authority.


Answer: A

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Question: 2

A government agency’s mission statement should include:

  1. services and accomplishments.
  2. organizational structure and hierarchy.
  3. major functions and goals.
  4. performance measures and reports.


Answer: C

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Question: 1

According to the AGA Code of Ethics, a government agency contract manager using a vendor as a personal reference would constitute:

  1. fraud.
  2. professional incompetence.
  3. a conflict of interest.
  4. nepotism.


Answer: C

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Question: 4

A method used to assess accountability of state agencies includes:

  1. a bond rating review.
  2. program evaluation.
  3. judicial review.
  4. an ordinance compliance audit.


Answer: B

Question: 3

One way in which federal and state governments influence local governments is by:

  1. providing block grants.
  2. issuing ordinances.
  3. authorizing debt.
  4. setting budget authority.


Answer: A