IIA-CFSA Exam Details

  • Exam Code
    :IIA-CFSA
  • Exam Name
    :Certified Financial Services Auditor
  • Certification
    :IIA Certifications
  • Vendor
    :IIA
  • Total Questions
    :511 Q&As
  • Last Updated
    :Jul 14, 2026

IIA IIA-CFSA Online Questions & Answers

  • Question 391:

    The responsibility for preparing and presenting the audited financial statements is that of:

    A. Internal auditor
    B. Engagement client/ Management of the entity
    C. Process owner
    D. Auditing Agency

  • Question 392:

    Occasionally, a company will issue additional shares of its stocks, called ____________, to raise additional capital.

    A. Secondary Offering
    B. IPO
    C. Private Placement
    D. Preferred Offering

  • Question 393:

    Deposit in many banks are insured by the ______________, which ensure that depositors will get their money back up to a stated limit, if a bank should fail:

    A. Financial Deposit Insurance Corporation
    B. Federal Deposit Insurance Corporation
    C. Federal Deposits and Investment committee
    D. None of these

  • Question 394:

    In which of the following ways are calls and put options used by the options investor in purchase and sales transaction?

    A long call allows the investor to purchase the underlying security at the specified strike price after the option expiration date

    II. Along put allows the investor to sell the underlying security at the specified strike price until the option expiration date

    III. An investor who is short a call is at the underlying security at the specified strike price if a call option is exercised after the option expiration date

    IV.

    An investor who is short a put is obligated to buy the underlying security at the specified strike price if a put option is exercised by the option expiration date

    A. I and II only
    B. I and III only
    C. II and III only
    D. II and IV only

  • Question 395:

    Deposit accounts are:

    A. Interest bearing accounts
    B. Non-interest bearing accounts
    C. Tax bearing accounts
    D. Either A or B

  • Question 396:

    CDs typically require a minimum deposit of at least ________ US, and often require at least ________ US.

    A. $500, $10,000
    B. $1000, $10,000
    C. $1000, $5000
    D. $500, $5000

  • Question 397:

    Example/s of ongoing monitoring function/s is/are:

    A. Management's review of performance reports and comparing them to the budgets and other benchmarks
    B. Feedback obtained from external parties (e.g. complaints from stake holders)
    C. Direct supervision and review of work by functional level managers
    D. All of above

  • Question 398:

    Notes are debt instruments issued to:

    A. A broker
    B. An agent
    C. A single investor
    D. A single investor managing a portfolio

  • Question 399:

    A contract whereby one undertakes to indemnify another or pay a specified amount upon determinable contingencies is called:

    A. Demand draft
    B. Loan
    C. Insurance
    D. Term deposit

  • Question 400:

    Bank may serve as trustee or custodian for pension and profit sharing plans that self- employed individuals establish for them selves and their employees. These types of trust are referred to as:

    A. Defined benefit plans
    B. Keogh plans
    C. Individual retirement account
    D. None of these

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