Amazon
Avaya
Cisco
CompTIA
CrowdStrike
EC-Council
EXIN
Fortinet
Google
ISC
ISC2
ITIL
Juniper
Microsoft
NVIDIA
Okta
Palo Alto Networks
Salesforce
SAP
ServiceNow
All Vendors
  1. Home
  2. Financial
  3. CFSA

Financial CFSA Exam (page: 8)
Financial Certified Services Auditor (CFSA)
Updated on: 31-Mar-2026

Viewing Page 8 of 65
CFSA PDF 511 Questions

Details: DOMAIN I- FINANCIAL SERVICES AUDITING

Internal auditing controls (e.g. segregation of duties, monitoring, reconciliation), management controls (e.g. the plan, methods and procedures adopted by management to ensure its goals are met, including systems for measuring reporting and monitoring program performance), physical controls (e.g. security), and Information technology control (e.g. access security controls , data center operation controls). All these are examples of:

  1. Detective controls
  2. Control activities
    C Corrective controls
    D Preventive controls

Answer(s): B




Details: DOMAIN I- FINANCIAL SERVICES AUDITING

Example/s of ongoing monitoring function/s is/are:

  1. Management's review of performance reports and comparing them to the budgets and other benchmarks
  2. Feedback obtained from external parties (e.g. complaints from stake holders)
  3. Direct supervision and review of work by functional level managers
  4. All of above

Answer(s): D




Details: DOMAIN I- FINANCIAL SERVICES AUDITING

result from a failure to follow the logic of a series of statements.

  1. Deductive fallacies
  2. Inductive fallacies
  3. Corrective controls
  4. None of These

Answer(s): A




Details: DOMAIN I- FINANCIAL SERVICES AUDITING

An example of an invalid deductive argument is as follows:
Major premises: All employees who are committing fraud drive luxury cars. Minor premises:
Conclusion: Therefore, John Doe is committing fraud. What will be the minor premise in this example?

  1. John Doe is an employee
  2. John Doe drives a luxury car
  3. John Doe is a senior management level employee
  4. John Doe drives an ordinary car

Answer(s): B




Details: DOMAIN I- FINANCIAL SERVICES AUDITING

A client makes the following statement: "If you make us put property tags and numbers on major equipment, next we will have to put tags on every pen, pencil, and paper clip in the place." This is the argument that if a particular action is taken, it will inevitably lead to another, less desirable action. We may call this:

  1. Slippery slope
  2. Hasty generalization
  3. False use of authority
  4. Ad Hominem

Answer(s): A




Details: DOMAIN I- FINANCIAL SERVICES AUDITING

After implementation of a drop out recovery program, employment rate rose. The drop out recovery program is responsible for increases in employment and look for possible economic or other factors that might have contributed to the rise. This example may be referred towards:

  1. Post Hoc, Ergo Propter Hoc
  2. Ad Hominem
  3. Non Sequiter
  4. False use of authority

Answer(s): A




Details: DOMAIN I- FINANCIAL SERVICES AUDITING

For Example one exception in 1000 cases is probably not the reason enough to recommend overhauling the entire system, although the final answer must be derived from the context and the condition of the related control system. Which one of the following statements is clearly supported by this example?

  1. Auditors should base findings and recommendations on significant information
  2. Auditors should be aware of that the concept of materiality and significance take on different meanings in the public and private sectors
  3. Both of these
  4. None of these

Answer(s): A




Details: DOMAIN I- FINANCIAL SERVICES AUDITING

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:

  1. Auditors should be aware that the concepts of materiality and significance take on different meanings in the public and private sector
  2. During 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
  3. Both of these
  4. None of these

Answer(s): C



Viewing Page 8 of 65



Share your comments for Financial CFSA exam with other users:

Satya 7/24/2023 3:18:00 AM

nice questions
UNITED STATES


sk 5/13/2023 2:10:00 AM

ecellent materil for unserstanding
INDIA


Gerard 6/29/2023 11:14:00 AM

good so far
Anonymous


Limbo 10/9/2023 3:08:00 AM

this is way too informative
BOTSWANA


Tejasree 8/26/2023 1:46:00 AM

very helpfull
UNITED STATES


Yolostar Again 10/12/2023 3:02:00 PM

q.189 - answers are incorrect.
Anonymous


Shikha Bakra 9/10/2023 5:16:00 PM

awesome job in getting these questions
AUSTRALIA


Kevin 10/20/2023 2:01:00 AM

i cant find aws certified practitioner clf-c01 exam in aws website but i found aws certified practitioner clf-c02 exam. can everyone please verify the difference between the two clf-c01 and clf-c02? thank you
UNITED STATES


D Mario 6/19/2023 10:38:00 PM

grazie mille. i got a satisfactory mark in my exam test today because of this exam dumps. sorry for my english.
ITALY


Bharat Kumar Saraf 10/31/2023 4:36:00 AM

some of the answers are incorrect. need to be reviewed.
HONG KONG


JP 7/13/2023 12:21:00 PM

so far so good
Anonymous


Kiky V 8/8/2023 6:32:00 PM

i am really liking it
Anonymous


trying 7/28/2023 12:37:00 PM

thanks good stuff
UNITED STATES


exampei 10/4/2023 2:40:00 PM

need dump c_tadm_23
Anonymous


Eman Sawalha 6/10/2023 6:18:00 AM

next time i will write a full review
GREECE


johnpaul 11/15/2023 7:55:00 AM

first time using this site
ROMANIA


omiornil@gmail.com 7/25/2023 9:36:00 AM

please sent me oracle 1z0-1105-22 pdf
BANGLADESH


John 8/29/2023 8:59:00 PM

very helpful
Anonymous


Kvana 9/28/2023 12:08:00 PM

good info about oml
UNITED STATES


Checo Lee 7/3/2023 5:45:00 PM

very useful to practice
UNITED STATES


dixitdnoh@gmail.com 8/27/2023 2:58:00 PM

this website is very helpful.
UNITED STATES


Sanjay 8/14/2023 8:07:00 AM

good content
INDIA


Blessious Phiri 8/12/2023 2:19:00 PM

so challenging
Anonymous


PAYAL 10/17/2023 7:14:00 AM

17 should be d ,for morequery its scale out
Anonymous


Karthik 10/12/2023 10:51:00 AM

nice question
Anonymous


Godmode 5/7/2023 10:52:00 AM

yes.
NETHERLANDS


Bhuddhiman 7/30/2023 1:18:00 AM

good mateial
Anonymous


KJ 11/17/2023 3:50:00 PM

good practice exam
Anonymous


sowm 10/29/2023 2:44:00 PM

impressivre qustion
Anonymous


CW 7/6/2023 7:06:00 PM

questions seem helpful
Anonymous


luke 9/26/2023 10:52:00 AM

good content
Anonymous


zazza 6/16/2023 9:08:00 AM

question 21 answer is alerts
ITALY


Abwoch Peter 7/4/2023 3:08:00 AM

am preparing for exam
Anonymous


mohamed 9/12/2023 5:26:00 AM

good one thanks
EGYPT