IIA IIA-CFSA Online Practice Questions and Exam Preparation

IIA IIA-CFSA Online Questions & Answers

• Question 501:

  Which of the following should be the next step after the structuring process in order to complete the securitization process?

  

  A. Credit management
  B. Credit operations
  C. Credit Enhancement
  D. Credit deployment
  C. Credit Enhancement

• Question 502:

  Cash and due from other bank accounts that are listed as a caption on the balance sheet include all currency and coin, cash being collected, and account balances with other banks:

  A. Except material-interest-bearing accounts which should be disclosed separately
  B. Including material interest bearing accounts, which should be disclosed separately.
  C. Preferably material interest bearing accounts.
  D. None of these
  A. Except material-interest-bearing accounts which should be disclosed separately

• Question 503:

  All the activities, mentioned below, cause rise in interest rate EXCEPT:

  A. High inflation
  B. When government borrows money
  C. When government prints money
  D. None of these
  D. None of these

• Question 504:

  Historical simulation and model based approach are the methods to calculate:

  A. Return on investment
  B. Return on Risk
  C. Value at Risk
  D. Value at par
  C. Value at Risk

• Question 505:

  Although these rights do not always exist, if they do, shareholders are entitled to buy any new issue of stock in proportion to their holdings. If a person owns 5% of a corporation, then he or she would have the right to buy 5% of newly issued shares. These are:

  A. Proxy rights
  B. Preemptive rights
  C. Inspection rights
  D. Liquidation rights
  B. Preemptive rights

• Question 506:

  Banks can record interest earned on trading securities as either interest income or trading income. However, the recommended method is:

  A. To report interest income separately from trading income if the amount is material
  B. To report interest income with trading income if the amount is material
  C. To report interest income separately from trading income if the amount is not material
  D. To report interest income with trading income if the amount is not material
  A. To report interest income separately from trading income if the amount is material

• Question 507:

  Elements of information and process integrity are that it should be authorized, accurate, complete, timely, recorded processed, and reported in the proper time. Each of the elements in the above has a relationship to the:

  A. Selection of data
  B. Collection of data
  C. Classification of data
  D. All of these
  D. All of these

• Question 508:

  _____________ funds may specialize in a particular industry segment, such as technology or consumer products stocks.

  A. Index
  B. Sector
  C. Growth
  D. Income
  B. Sector

• Question 509:

  ___________ have relatively low risks, compared to other mutual funds.

  A. Stock funds
  B. Hedge funds
  C. Money funds
  D. Both B and C
  C. Money funds

• Question 510:

  Considerations for determining required audit resources include:

  A. Training needed by the audit staff to meet the audit objectives
  B. Contractual assistance needed to meet the audit objectives
  C. Both A and B
  D. None of these
  C. Both A and B