IIA-CFSA 무료 덤프문제 온라인 액세스

The objective/s of trust department's administration of corporate trust accounts include:
I. Policies and producers ensure compliance with governing instruments, applicable law and accepted fiduciary principles
II. Deficiencies are identified and corrective action is promptly initiated
III. There is sufficient management and staff expertise to administer these accounts
IV.
Effective policies, procedures and internal controls have been established
V.The legitimate needs of security holders and other interested parties are met in a professional and timely manner

• A.II, III and V
• B.I, II and IV
• C.III and IV
• D.All of these

Financial institutions regularly identify uncollectible and charge them off against the reserve for loan losses. Auditors should ensure that the institution has developed adequate criteria for chargeoffs and select a sample of charged-off loans whether they are handled properly.
Another useful test is:

• A.To select a sample of loans that are significantly paid in order to determine whether theymeet the past criteria and assess why they have not been charged off
• B.To select a sample of loans that are significantly paid in order to determine whether theymeet the charge-off criteria and assess why they have not been charged off
• C.To select a sample of loans that are significantly paid in order to determine whether theymeet the charge-off criteria to meet the current requirements
• D.To select a sample of loans that are significantly paid inorder to determine whether they meet the charge-off criteria and assess why they have not been charged off

Some objectives of an audit related to mutual funds might include determining that:

• A.Mutual fund switches are not authorized by the client
• B.Mutual fund checks are issued in accordance with firm policies and supported by valid trades
• C.Mutual fund purchases are confirmed on a timely basis
• D.All EXCEPT "C"

General liability insurance covers the major liability exposure of a business, including lawsuits against an organization's facilities or products. General liability insurance does not cover:

• A.Liabilities that a business incurs through the use of its labor and machinery
• B.Liabilities that a business incurs through the use of its land and other capital products
• C.Liabilities that a business incurs through the use of its automobiles
• D.All of these

__________ allows businesses that sell durable goods such as auto-mobiles to finance inventories. As the business sells goods, the loan advance against those goods is repaid.

• A.Floor-plan financing
• B.Term loans
• C.Installment loans
• D.Consumer loans