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IIA IIA-CFSA Exam With Confidence Using Practice Dumps

Exam Code:
IIA-CFSA
Exam Name:
Certified Financial Services Auditor
Certification:
IIA Other Certification
Vendor:
IIA
Questions:
511
Last Updated:
Apr 30, 2025
Exam Status:
Stable
IIA IIA-CFSA

IIA-CFSA: IIA Other Certification Exam 2025 Study Guide Pdf and Test Engine

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Related IIA Exams

Certified Financial Services Auditor Questions and Answers

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Question 1

Municipal bonds are issued by state and local governments, U.S. territories, and non-federal public agencies such as school districts, cities, and airport authorities. Municipal debt is considered the second safest form of debt security after U.S. government obligations. Some types of municipal bonds include all of the following EXCEPT:

Options:

A.

General obligation bonds

B.

Revenue bonds

C.

Single barreled bonds

D.

Moral obligation bonds

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Question 2

Which one of the following activities is not related to the trust committee activities that should be reviewed?

Options:

A.

Whether regular meetings are held and documented by meeting minutes

B.

Whether the trust committee contains at least one member who is not a bank officer

C.

Whether there is adequate oversight of the trust committee’s activities by board of directors

D.

None of these

Question 3

Most municipal and corporate bonds are rated by an independent rating firm such as Standard & Poor’s (S&P) or Moody’s. These ratings provide investors with information regarding the risk of default on the bond issue. The higher rated bonds are considered _________.

Options:

A.

Investment grade bonds

B.

Speculative bonds

C.

Junk bonds

D.

Blue chip bonds

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