IIA-CFSA Certified Financial Services Auditor CFSA Exam Practice Test

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Total 511 questions
Question 1

_________ are future economic benefits controlled by an entity.



Answer : B


Question 2

General liability insurance covers the major liability exposure of a business, including lawsuits against an organization's facilities or products. General liability insurance does not cover:



Answer : A


Question 3

Which one of the following Factors does NOT ensure the financial health and security of the organization?



Answer : D


Question 4

Time deposit transactions are recorded in:



Answer : A


Question 5

Banks that performs variety of services for other bank, e.g. they make emergency loans to banks that are short of cash and clear cheques that are drawn and paid out by different banks are called:



Answer : C


Question 6

Most corporations have an annual meeting where stockholders have the opportunity to vote on important issues. These issues include:



Answer : A, B


Question 7

Which of the following are duties of insurance commissioners in regulating insurers?

1. Rule of the constitutionality of insurance law.

2. Determine if an insurer meets the requirements to obtain a license.

3. Render decisions on the meaning of policy terms.

4. Conduct financial investigations of insurers operating in the state.



Answer : C


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Total 511 questions