Most Recent IIA-CFSA Exam Dumps

Prepare for the IIA Certified Financial Services Auditor exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the IIA-CFSA exam and achieve success.

The questions for IIA-CFSA were last updated on Mar 31, 2025.

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Question No. 1

Interest rate risk arises from differences between the timing of rate changes and the timing of cash flows ( _________ );from changing rate relationships among different yield curves affecting bank activities ( ____________ ); from changing rate relationship across the spectrum of maturities ( ____________ );and from internet-related options embedded in bank products ( _____________ ).

Choose the appropriate set.

ARepricing risk, basic risk, yield curve risk and option risk

BBasic risk, yield curve risk, option risk and Repricing risk

CRepricing risk option risk, yield curve risk, and basic risk

DBasic risk, yield curve risk, option risk and repurchasing risk

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Correct Answer: A

Question No. 2

Which of the following statements about endowments is correct?

AEndowment insurance pays a benefit amount only if the insured dies during the specified term of coverage

BPremiums vary throughout the term of an endowment policy

CAn endowment can be purchased with a signal Premium or with a series of Premium over a limited period of time

DUnlike permanent life insurance policies, endowment policies do not steadily build cash values

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Correct Answer: C

Question No. 3

Banks provide the following personal trust services for individuals EXCEPT:

ATrust Development

BServes as Co-fiduciary

CServe as Agent and guardian of Estates

DNone of these

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Correct Answer: D

Question No. 4

Agents that represent one company exclusively are called:

AIndependent Agents

BCaptive Agents

CExclusive Agents

DDetached Agents

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Correct Answer: B, C

Question No. 5

__________ allows businesses that sell durable goods such as auto-mobiles to finance inventories. As the business sells goods, the loan advance against those goods is repaid.

ATerm loans

BConsumer loans

CInstallment loans

DFloor-plan financing

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Correct Answer: D

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