Complete IIA-CFSA IIA Materials

Certified Financial Services Auditor Questions and Answers

Question 25

Some wills specify that more than one responsible party share the trustee’s responsibilities of an estate .The condition depicts relation with which one of the following trust services:

Options:

Guardians of estates

Co-fiduciary

Estate settlement

Trusts

Question 26

Data gathering and evaluation during field work includes:

Options:

Gaining and understanding of the activity, system, or process under review

Observing conditions and operations

Interviewing people and examining assets and accounting, and other operational business, and other operational records.

All of these

Question 27

If principal is paid on a loan after it has been placed on non-accrual status, the bank must determine whether it should record the payment as a reduction of:

Options:

The loan principal amount

Income interest

Both of these

Any one of these

Question 28

Which one of the following audit objectives and steps should not be considered when performing an audit of deposit account?

Options:

Determine whether dormant accounts are closed in a timely manner and in accordance with policies

Determine whether there are adequate controls to prevent unauthorized access and change to customer accounts

Determine whether applicable fees and penalties are properly assessed and posted

None of these

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Certified Financial Services Auditor Questions and Answers

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CompTIA

Fortinet

Microsoft

Salesforce