Exam Details

  • Exam Code
    :IIA-CFSA
  • Exam Name
    :Certified Financial Services Auditor
  • Certification
    :IIA Certifications
  • Vendor
    :IIA
  • Total Questions
    :511 Q&As
  • Last Updated
    :Apr 12, 2025

IIA IIA Certifications IIA-CFSA Questions & Answers

  • Question 271:

    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 272:

    The accounting standards in the United State are:

    A. Generally accepted accounting principles

    B. U.S. Generally accepted accounting principles

    C. IFRS Standards

    D. None of these

  • Question 273:

    The EU saving Directive is aimed at effective taxation of saving income in the form of:

    A. Interest payments

    B. Inflation

    C. Both of these

    D. None of these

  • Question 274:

    New Zealand's major trading partners are in the process of adopting or have already adopted, the international's accounting standards this includes all EXCEPT:

    A. Australia and Singapore

    B. Hong Kong and European Union

    C. United State, Canada and Japan

    D. None of these

  • Question 275:

    Basel II aims to improve the security and long-term viability of the financial system by focusing on bank's

    A. Internal control System

    B. Supervisory discipline

    C. Marketing discipline

    D. None of these

  • Question 276:

    The enterprise- wide risk management approach focuses both on familiar financial risks and harder to measure--though equally important:

    A. Strategic, business level and reputational risks

    B. Strategic, operational and reputational risks

    C. Strategic, business level and operational level risks

    D. None of these

  • Question 277:

    The term umbrella market segmentation is referred to:

    A. Financial services

    B. Insurance companies

    C. Banks

    D. Brokerage Houses

  • Question 278:

    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 279:

    Financial services organizations are challenged to provide responsible fiduciary management while:

    A. Increasing profitability and competitive differentiations

    B. Balancing profitability and competitive differentiations

    C. Decreasing risk and fraud activities

    D. All of these

  • Question 280:

    All of the following are financial instrument EXCEPT:

    A. Prepaid capital

    B. Debt securities

    C. Equity securities

    D. Insurance polices

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