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PDF IIA-CFSA Study Guide

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Total 511 questions

Certified Financial Services Auditor Questions and Answers

Question 29

Demand deposit account allows customers to transfer money through the use of:

Options:

A.

Checks

B.

ATMs and EFTs

C.

Point of sale (POS) terminals

D.

All of these

Question 30

Following elements should be documented in the audit scope EXCEPT:

Options:

A.

Time period to be covered by audit tests

B.

Available data:

No. of records

Locations

Need to create data

Form

Reliability

C.

Prioritizing risks

D.

Both A and B

Question 31

The scope of an audit defines the boundaries of the audit by addressing such items as the audit period or number of locations to be reviewed.. Some important considerations when defining the scope of an audit include:

Options:

A.

Needs of potential users of the audit report

B Preliminary judgment about materiality levels

B.

Both A and B

C.

None of the above

Question 32

Internal auditors, engaging in activities that are illegal and discreditable to the profession of internal auditing or the organization, violate which of the following principles:

Options:

A.

Objectivity

B.

Awareness

C.

Integrity

D.

Competence

Page: 8 / 19
Total 511 questions