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Certification Exams with Helpful Questions And Answers

Certified Financial Services Auditor Questions and Answers

Get Free IIA-CFSA Questions and Answers
Question 1

Risks inherent in the management process are known as:

Options:

A.

Residual risks

B.

Long-term risks

C.

Control risks

D.

Strategic risks

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Question 2

____________ swaps give companies extra flexibility to exploit their comparative advantage in their respective borrowing markets.

Options:

A.

Fixed-floating swaps

B.

Currency swaps

C.

Interest rate swaps

D.

None of these

Question 3

The responsibility for preparing and presenting the audited financial statements is that of:

Options:

A.

Internal auditor

B.

Engagement client/ Management of the entity

C.

Process owner

D.

Auditing Agency

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