IIA Certified Financial Services Auditor IIA-CFSA CFSA Exam Practice Test

Insurance contracts are also considered ____________ in that they are legal documents that required the insurer to pay if covered events occur. Because the insurance company creates the contract, it is liable if there are any ambiguities in the contract language.

___________ result from a failure to follow the logic of a series of statements.

_________ stock generally costs more than __________ because of the additional rights its

stockholders receive.

Pension Benefit Guarantee Corporation (PBGC) insures ''Defined benefit plan'', so employees assume _____________ for any option they contribute.

A participant's right to receive partial or full benefits under a private retirement plan even if the participant terminates employment prior to retirement is referred to as

''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:

Which of the following statements about endowments is correct?