Financial Certified Services Auditor (CFSA) CFSA Exam Questions in PDF

Free Financial CFSA Dumps Questions (page: 4)


Details: DOMAIN I- FINANCIAL SERVICES AUDITING

Risks inherent in the management process are known as:

  1. Residual risks
  2. Long-term risks
  3. Control risks
  4. Strategic risks

Answer(s): C




Details: DOMAIN I- FINANCIAL SERVICES AUDITING

Both residual and control risk need to be dealt with in project management.

  1. Timely
  2. Implicitly
  3. Professionally
  4. Explicitly

Answer(s): D




Details: DOMAIN I- FINANCIAL SERVICES AUDITING

"Ongoing monitoring activities are conducted to periodically reassess risk and the effectiveness of control risk, " is an objective of:

  1. Risk Identification
  2. Risk Measurement
  3. Risk Management Process
  4. Risk Prioritization

Answer(s): C




Details: DOMAIN I- FINANCIAL SERVICES AUDITING

Faulty human judgments, misunderstanding of instructions, errors, management override, and collusion and cost/benefit considerations are the limitations of:

  1. Reasonable Assurance
  2. Internal Control System
  3. Risk Management
  4. Compliance Control

Answer(s): B




Details: DOMAIN I- FINANCIAL SERVICES AUDITING

Five internal control components are:

  1. Control environment, Risk assessment, Control activities, Information and communication & Monitoring
  2. Control environment, Risk assessment, and Operational control, Information and communication & Monitoring
  3. Control environment, Risk Prioritization, Control activities, Information and communication & Monitoring
  4. Control environment, Risk Prioritization, Control activities, Information and communication & Monitoring

Answer(s): A




Details: DOMAIN I- FINANCIAL SERVICES AUDITING

Enterprise risk management encompasses all EXCEPT:

  1. Aligning risk appetite and strategy
  2. Enhancing risk responsibilities and decisions
  3. Increasing Operational Surprises
  4. Seizing Opportunities

Answer(s): C




Details: DOMAIN I- FINANCIAL SERVICES AUDITING

Organization's Objectives are described in three general categories:

  1. Effectiveness of operations, Efficiency of strategic plans, Reliability of internal and external reporting
  2. Effectiveness of operations, Efficiency of strategic plans, Reliability of internal and external reporting, compliance with applicable laws and regulations
  3. Effectiveness and Efficiency of operations, Compliance with applicable laws and regulations, Monitoring and management control system
  4. Effectiveness and Efficiency of operations, Reliability of internal and external reporting, Compliance with applicable laws and regulations

Answer(s): D




Details: DOMAIN I- FINANCIAL SERVICES AUDITING

The plans developed for the audit functions should be updated as circumstances dictate. Such specific types of plans include all EXCEPT:

  1. Activity Reports
  2. Target dates
  3. Opportunities and threats
  4. Staffing plans and financial budgets

Answer(s): C



Share your comments for Financial CFSA exam with other users:

C
Curtis Nakawaki
7/5/2023 8:46:00 PM

questions appear contemporary.

V
Vv
12/2/2023 6:31:00 AM

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11/20/2023 11:57:00 AM

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5/15/2023 5:38:00 AM

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7/17/2023 5:22:00 PM

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W
Wong
12/20/2023 11:34:00 AM

q10 - the answer should be a. if its c, the criteria will meet if either the prospect is not part of the suppression lists or if the job title contains vice president

D
david
12/12/2023 12:38:00 PM

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T
Tink
7/24/2023 9:23:00 AM

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Jaro
12/18/2023 3:12:00 PM

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9
9eagles
4/7/2023 10:04:00 AM

on question 10 and so far 2 wrong answers as evident in the included reference link.

T
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8/28/2023 5:28:00 AM

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VoiceofMidnight
12/29/2023 4:48:00 PM

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A
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8/3/2023 11:56:00 AM

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11/27/2023 6:12:00 AM

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B
BailleyOne
11/22/2023 1:45:00 AM

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P
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10/25/2023 8:17:00 AM

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10/19/2023 6:32:00 PM

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10/31/2023 12:07:00 PM

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9/3/2023 2:14:00 PM

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8/12/2023 7:56:00 PM

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Miguel
10/5/2023 12:16:00 PM

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N
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11/28/2023 4:52:00 PM

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S
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8/28/2023 1:00:00 AM

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10/31/2023 12:51:00 AM

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12/16/2023 10:54:00 PM

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Wali
6/4/2023 10:07:00 PM

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N
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7/18/2023 1:10:00 AM

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10/15/2023 1:34:00 PM

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12/17/2023 8:36:00 AM

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8/20/2023 9:23:00 AM

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