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 May 2, 2025.

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Question No. 1

The term ''thrift institution'' is referred to:

ASavings banks

BSavings and loan associations

CSaving banks and saving loan associations

DMortgage banks

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Correct Answer: C

Question No. 2

_____________ funds may specialize in a particular industry segment, such as technology or consumer products stocks.

AIndex

BSector

CGrowth

DIncome

Show Answer

Correct Answer: B

Question No. 3

Which of the following is a limitation in an audit that affects auditors' ability to detect material misstatements?

AScope of an audit

BThe use of testing

COver- generalization

DUnidentifiable risks

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Correct Answer: B

Question No. 4

A manager of a very controversial program may have stolen only $200, but the controversy and public accountability aspects may make the 200 significant, where it would not be material private sector financial statement opinion audit. It means:

AAuditors should be aware that the concepts of materiality and significance take on different meanings in the public and private sector

BDuring the planning and reporting processes, government auditors may need to consider qualitative factors such as the visibility of the program under audit, or the newness of the program or changes in its condition

CBoth of these

DNone of these

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Correct Answer: C

Question No. 5

Close-end funds are traded on:

AA primary market

BSecondary market

CTertiary market

DAre not traded anywhere

Show Answer

Correct Answer: B

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