IIA Certified Financial Services Auditor CFSA Exam Practice Test

Major types of Real Estate Investment Trust (REITs) include all of the following EXCEPT:

Overall ''market risk'' poses the greatest potential danger for investors in ____________.

Money market funds bond funds (also called ''fixed income'' funds) , and stock funds (also called equity funds) are the categories of:

All of these are disadvantages of mutual funds EXCEPT:

Mutual funds provide an attractive investment choice because they generally offer the following feature/s:

Call provisions are often part of ______________, but usually not bonds issued by ______________.

Customer accounts:

Ensure that the firm is exercising due diligence in the opening and supervision of customer accounts. The procedures should be formalized in writing and in accordance with the rules and regulations of the appropriate regulatory authority.

Ensure that daily customer positions and option exercises are in accordance with the limits established by the appropriate exchange. Verify that commissions generated by customer trades are properly calculated and posted to the general ledger.