IIA IIA-CFSA Online Practice Questions and Exam Preparation

IIA IIA-CFSA Online Questions & Answers

• Question 311:

  ____________insurance provides a specified benefit amount in either of the following cases:

  If the insured survives to the maturity date of the policy is reached. If the insured dies before the maturity date of the policy is reached.

  A. General life insurance
  B. Whole life insurance
  C. Endowment insurance
  D. Term life insurance
  C. Endowment insurance

• Question 312:

  Which one of the following Factors does NOT ensure the financial health and security of the organization?

  A. Asset management and protection
  B. Capital allocation management
  C. Financial risk analysis and management
  D. None of these
  D. None of these

• Question 313:

  Under the principles of bank accounting, loans reported as non-performing have not yet been charged off as _____________.

  A. Income
  B. Expense
  C. Losses
  D. prepaid
  C. Losses

• Question 314:

  All the statements mentioned below are clear and compelling business benefits of a strategic approach to enterprise-wide risk intelligence; EXCEPT:

  A. Remove disputes about whose information is "correct"
  B. Improves cross-function, enterprise level analysis.
  C. Provides a reusable enterprise intelligence plat form, able to adders new needs
  D. None of these
  D. None of these

• Question 315:

  While performing consulting services internal auditors should specifically maintain:

  A. Proficiency level
  B. Objectivity
  C. Competence
  D. Confidentiality
  B. Objectivity

• Question 316:

  Options are quoted daily in the newspapers. The listing provides the name of the underlying stock and its closing price that day, the strike price of the option, the closing prices(premiums) of the 3 call and 3 put contracts trading closest to expiration. Listings can be divided into categories. Which of the following is/are out of those categories?

  A. Option Class
  B. Option Series
  C. Option Statuses
  D. Option Lists
  A. Option Class
  B. Option Series

• Question 317:

  The balance sheet is the fundamental report of a company's financial position. An examination of a balance sheet will assist in determining:

  A. If the company meets its financial obligations
  B. The amount of money invested in outside the company
  C. The company's debt ratio
  D. The type of assets that company has purchased with its debt financing
  A. If the company meets its financial obligations
  C. The company's debt ratio

• Question 318:

  A health services delivery organization that offers the option to its members to choose to receive a service from participating or a non-participating provider. Which one of the best suits to this definition?

  A. Point-of-service plan
  B. Health maintenance organization (HMO)
  C. Preferred provider organization (PPO)
  D. Independent practice Association (IPA) or organization (IPO)
  A. Point-of-service plan

• Question 319:

  I- With reference to the granting of customer credit lines a thorough analysis of the customer's overall financial position is performed prior to trading authorization. II-confirmations of each transaction are sent to customers indicating the quantity, delivery month and the contract price to ensure the integrity of transactions. III-Original margin deposits in cash or acceptable securities to guarantee performance of contracts are determined in accordance These all are adequate procedures and controls associated with:

  A. Commodity transaction
  B. Mutual funds audit
  C. Bond audit
  D. None of these
  A. Commodity transaction

• Question 320:

  In case of an annuity with a spread of 3%, if the index gained 9%, the return credited to the annuity would be:

  A. 11%
  B. 27%
  C. 6%
  D. 3%
  C. 6%