IIA-CFSA Exam Questions & Answers

Exam Code: IIA-CFSA

Exam Name: Certified Financial Services Auditor

Updated: Apr 19, 2024

Q&As: 511

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Practice These Free Questions and Answers to Pass the Certified Government Auditing Professional Exam

Questions 1

Banks generally record securities transactions as of trade date. However, it is acceptable to record the transactions as of the _________ if the difference between the settlement date and trade date is not materially different.

A. Market closing date

B. Settlement date

C. A day before the closing date

D. None of these

Show Answer
Questions 2

Which one of the following statements elaborates some insurance products that fall under the regulatory authority of SEC?

A. Investment based insurance products

B. Agents selling investment based insurance products

C. Term insurance products

D. Only AandB

Show Answer
Questions 3

Managed care has effectively formed a "go between," ________________ by existing as the gatekeeper between payers and providers and patients.

A. PPO (Preferred provider organization)

B. Full-service health insurance

C. Brokerage or third party arrangement

D. None of these

Show Answer
Questions 4

To server as family and/or financial planning tool To provide for retirement To obtain favorable tax treatment These are the primary reasons

A. For establishing a trust

B. For naming an institution as trustee

C. of Safekeeping

D. of Custodial

Show Answer
Questions 5

The approximate per-share NAV plus any fees the fund imposes is the price:

A. That investors pay to purchase mutual fund

B. That investors receive on redemptions

C. Per share NAV

D. All of these

Show Answer

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