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

While performing consulting services internal auditors should specifically maintain:

Notes are debt instruments issued to:

Which of the following situation would not impair audit objectivity?

Adequate procedures and controls associated with swap transactions should exist to help minimize the risks inherent in transaction process. Example/s of these controls may include:

____________insurance provides a specified benefit amount in either of the following cases:

If the insured survives to the maturity date of the policy is reached.

If the insured dies before the maturity date of the policy is reached.

Exception reports generated by the lending institution are designed to identify past-due loans. Auditors should review these exception reports to identify an unusually high number of exceptions and old or unusual exceptions that might indicate that:

Securities lending refers to the practice of temporarily transferring securities to a borrower with the intent that the lender will buy them back at a future date. The borrower is required to return the securities to the lender, either on demand or at a specified time. A major reason for securities lending is: