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 71:

    "A negotiated offering in which a new issue of municipal securities is sold on an agency basis by a placement agent directly to institutional or private investors rather than through an offering to the general investing public" is referred as:

    A. Public offering
    B. Private placement
    C. over the counter trade
    D. None of these

  • Question 72:

    The mission of the NAIC is to assist State Insurance regulators, individually and collectively, in serving the public interest and achieving all the following fundamental insurance regulatory goals in a responsive, efficient and cost effective manner, consistent with the wishes of its members EXCEPT:

    A. Protect the public interest
    B. Promote competitive markets
    C. Support and improve State regulation of insurance
    D. None of these

  • Question 73:

    Some of the countries that do not permit companies to use IAS without a reconciliation to domestic generally accepted accounting principals are all EXCEPT:

    A. US (United States), Canada
    B. Japan
    C. Hong Kong
    D. None of these

  • Question 74:

    Following are the EU Saving Directives paying agents EXCEPT:

    A. Banks and deposit takers
    B. Brokers, Registrars and investment funds
    C. Castilians and transfer agent
    D. All of these

  • Question 75:

    Which one of the following is not including in typical type of insurance:

    A. Private mortgage
    B. Mortgage
    C. Flood and co-insurance
    D. None of these

  • Question 76:

    Site Selection Rationale Client officials client/requesters for audit results Scope limitations encountered or anticipated Expert advice

    The above elements should be documented in the:

    A. Audit planning
    B. Risk assessment
    C. Audit scope
    D. None of these

  • Question 77:

    A mutual fund that invested primarily in utility companies and bonds would be an example for an income mutual fund. Which of the following risk/s is/are NOT associated with bond funds?

    A. Credit risk
    B. Prepayment risk
    C. Liquidity risk
    D. Interest rate risk

  • Question 78:

    Optional basic and supplement life insurances are the variants of:

    A. Ordinary life insurance
    B. Group life insurance
    C. Accidental death and Dismemberment
    D. None of these

  • Question 79:

    "A special type of annuity that involves a contract between the annuitant and insurer in which insurer credits the annuity account with return amounts based on changes in an equity index such as the SandP500 (composite price index)," is:

    A. Price indexed annuity
    B. Variable index annuity
    C. Stock indexed annuity
    D. Equity indexed annuity

  • Question 80:

    Which of the following is NOT included in the list of principles for formulating well- stated audit objectives?

    A. Clearly identify the client
    B. Clearly identify the type of performance to be audited and separate objectives if more than one element of performance is to be reviewed
    C. Frame objectives that consider a realistic scope and methodology
    D. Onsite Observation

Tips on How to Prepare for the Exams

Nowadays, the certification exams become more and more important and required by more and more enterprises when applying for a job. But how to prepare for the exam effectively? How to prepare for the exam in a short time with less efforts? How to get a ideal result and how to find the most reliable resources? Here on Vcedump.com, you will find all the answers. Vcedump.com provide not only IIA exam questions, answers and explanations but also complete assistance on your exam preparation and certification application. If you are confused on your IIA-CFSA exam preparations and IIA certification application, do not hesitate to visit our Vcedump.com to find your solutions here.