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 81:

    The "discount on bonds payable" account is __________when a bound sells at discount. The "premium on bond payable" is ____________ when a bond sells a premium.

    A. Credited, debited
    B. Debited, credited
    C. Accrued, debited
    D. Deferred, debit

  • Question 82:

    Time deposit transactions are recorded in:

    A. Computer-generated ledger sheets and customer pass books
    B. Computer-generated ledger sheets
    C. Repos
    D. Reverse Repos

  • Question 83:

    "Insurers guarantee a minimum rate of interest dunning the time that the account is growing and periodic payment amounts of a specified amount for a stated period (either specific period 10 years indefinite period etc)." This statement is related to:

    A. Variable annuities
    B. Life time annuities
    C. Term period annuities
    D. Fixed annuities

  • Question 84:

    Funds held in trust cannot be reinvented in:

    A. Term deposits
    B. Savings accounts
    C. Financial institution's own securities
    D. Floor-plan financing

  • Question 85:

    Which premium life insurance is flexible enough under which policy holder may change the death benefit from time to time?

    A. Variable life insurance
    B. Universal life insurance
    C. Term life insurance
    D. Straight life insurance

  • Question 86:

    Bond yield is the return on a bond. Which of the following terms may apply to bond yields?

    A. Nominal yield
    B. Market yield
    C. Yield to Maturity
    D. Both A and C

  • Question 87:

    Stockholders are generally allowed one vote per share held. As a result, individuals who hold large blocks of share are more likely to be board members. Which of the following are out of the basic rights of stockholders?

    A. Proxy rights
    B. Reorganization rights
    C. Exception rights
    D. Liquidation rights

  • Question 88:

    Underwriting decisions are more influenced by what underwriters think they can sell to the public than _____________.

    A. Quality of the company
    B. Judgment in picking the IPO
    C. Estimated profit/gains
    D. Both AandC

  • Question 89:

    Investors typically cannot ascertain the exact makeup of a fund's portfolio at any given time, nor can they directly influence which securities the fund manager buys and sells or the timing of those trades. This is because of _______ in mutual funds.

    A. Price uncertainty
    B. Lack of control
    C. Costs despite negative returns
    D. All of these

  • Question 90:

    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

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