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 IIA-CFSA Dumps with Practice Exam Questions Answers

Questions: 511 questions

Last Update: Aug 6, 2022

IIA Certification Exam IIA-CFSA has been designed to measure your skills in handling the technical tasks mentioned in the certification syllabus

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IIA-CFSA Questions and Answers

Question # 1

An area of FOMC board responsibilities is the development and administration of regulation that implement major federal laws governing consumer credit, such as:


Truth bending Act and the equal credit opportunity Act


Home Mortgage disclosure Act and truth savings ACT


Sunshine Act


Only A & b

Question # 2

How many member states of the European Union are participating in the single Euro Currency?









Question # 3

Audits of foreign exchange transactions may include of the following objectives and tasks EXCEPT:


Determine whether internal controls over the authorization of transaction are adequate


Determine whether the valuation of transactions is properly calculated


Determine whether net assets, dividends, interest, and taxes are properly calculated and recorded


Determine that transactions are properly recorded on cash flow statement

Question # 4

The primary mechanism for estimating potential losses is mathematical methodology, value at risk (“VaR”) which estimates the exposure to market risk:


Within a given level of risk, over a defined time period


Within a given financial arrange over a specified level of risk


Within an unlimited time period over a specified level of risk


None of these

Question # 5

Commonly used distribution system/s in the insurance industry is/are:


Personal selling distribution system and the direct response distribution


Ordinary agency system


Career agency system


All of these whereas B and C are the same

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