Financial Certified Services Auditor (CFSA) CFSA Dumps in PDF

Free Financial CFSA Real Questions (page: 8)


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



Share your comments for Financial CFSA exam with other users:

S
shobha
11/29/2025 2:19:59 AM

very helpful

P
Pandithurai
11/12/2025 12:16:21 PM

Question 1, Ans is - Developer,Standard,Professional Direct and Premier

E
Einstein
11/8/2025 4:13:37 AM

Passed this exam in first appointment. Great resource and valid exam dump.

D
David
10/31/2025 4:06:16 PM

Today I wrote this exam and passed, i totally relay on this practice exam. The questions were very tough, these questions are valid and I encounter the same.

T
Thor
10/21/2025 5:16:29 AM

Anyone used this dump recently?

V
Vladimir
9/25/2025 9:11:14 AM

173 question is A not D

K
khaos
9/21/2025 7:07:26 AM

nice questions

K
Katiso Lehasa
9/15/2025 11:21:52 PM

Thanks for the practice questions they helped me a lot.

E
Einstein
9/2/2025 7:42:00 PM

Passed this exam today. All questions are valid and this is not something you can find in ChatGPT.

V
vito
8/22/2025 4:16:51 AM

i need to pass exam for VMware 2V0-11.25

M
Matt
7/31/2025 11:44:40 PM

Great questions.

O
OLERATO
7/1/2025 5:44:14 AM

great dumps to practice for the exam

A
Adekunle willaims
6/9/2025 7:37:29 AM

How reliable and relevant are these questions?? also i can see the last update here was January and definitely new questions would have emerged.

A
Alex
5/24/2025 12:54:15 AM

Can I trust to this source?

S
SPriyak
3/17/2025 11:08:37 AM

can you please provide the CBDA latest test preparation

C
Chandra
11/28/2024 7:17:38 AM

This is the best and only way of passing this exam as it is extremely hard. Good questions and valid dump.

S
Sunak
1/25/2025 9:17:57 AM

Can I use this dumps when I am taking the exam? I mean does somebody look what tabs or windows I have opened ?

F
Frank
2/15/2024 11:36:57 AM

Finally got a change to write this exam and pass it! Valid and accurate!

A
Anonymous User
2/2/2024 6:42:12 PM

Upload this exam please!

N
Nicholas
2/2/2024 6:17:08 PM

Thank you for providing these questions. It helped me a lot with passing my exam.

T
Timi
8/19/2023 5:30:00 PM

my first attempt

B
Blessious Phiri
8/13/2023 10:32:00 AM

very explainable

M
m7md ibrahim
5/26/2023 6:21:00 PM

i think answer of q 462 is variance analysis

T
Tehu
5/25/2023 12:25:00 PM

hi i need see questions

A
Ashfaq Nasir
1/17/2024 1:19:00 AM

best study material for exam

R
Roberto
11/27/2023 12:33:00 AM

very interesting repository

N
Nale
9/18/2023 1:51:00 PM

american history 1

T
Tanvi
9/27/2023 4:02:00 AM

good level of questions

B
Boopathy
8/17/2023 1:03:00 AM

i need this dump kindly upload it

S
s_123
8/12/2023 4:28:00 PM

do we need c# coding to be az204 certified

B
Blessious Phiri
8/15/2023 3:38:00 PM

excellent topics covered

M
Manasa
12/5/2023 3:15:00 AM

are these really financial cloud questions and answers, seems these are basic admin question and answers

N
Not Robot
5/14/2023 5:33:00 PM

are these comments real

K
kriah
9/4/2023 10:44:00 PM

please upload the latest dumps

AI Tutor 👋 I’m here to help!