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Download Full Version IIA-CFSA IIA Exam

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Total 511 questions

Certified Financial Services Auditor Questions and Answers

Question 45

It is a contract that defines corporation and bondholders responsibilities and is designed to protect the right of the bondholders. A trustee (most often a commercial bank) is generally appointed to ensure that the obligations defined in the agreement are of trust indenture must e filled with SEC. What is it?

Options:

A.

Bond certificate

B.

Trust indenture

C.

Secured bonds

D.

Collateral trust

Question 46

Options are quoted daily in the newspapers. The listing provides the name of the underlying stock and its closing price that day, the strike price of the option, the closing prices(premiums) of the 3 call and 3 put contracts trading closest to expiration. Listings can be divided into categories. Which of the following is/are out of those categories?

Options:

A.

Option Class

B.

Option Series

C.

Option Statuses

D.

Option Lists

Question 47

The reliability (competence) of evidence gathered by auditors is a __________. The reliability of evidence is a key factor in the audit analysis. Relevance is also a key factor in determining the quality of evidence.

Options:

A.

Fixed term

B.

Variable

C.

Determinant

D.

Subjective philosophy

Question 48

Derivates can be effective low cost tools for managing expose experience losses due to:

Options:

A.

Interest rate change

B.

Master agreements

C.

Commodity price change

D.

All of these

Page: 12 / 19
Total 511 questions