Free IIA IIA-CFSA Exam Dumps Questions & Answers

Individuals can invest in REITs:

• A.  By purchasing their shares directly on an open exchange
• B.  Either A or B; it depends
• C.  Both A&B
• D.  By investing in a mutual fund that specializes in public real estate

Corporations, government entities and other organizations use banks as trustee to handle the ______________function associated with a stock or bond issue.

• A.  Transfer and record keeping of stock or bonds
• B.  None of these
• C.  Issuance and redemption of stocks or bonds
• D.  Both of these

Most certificates are held by the depository trust company as custodians for the trustee for the benefit of the certificate holders, and the notice of book entry is made to the certificate holders simultaneously with the distribution. The actual certificates, but instead only possess a record of ___________.

• A.  What they have?
• B.  When they purchased?
• C.  Where they are?
• D.  All of these

Federal Reserve Board has:

• A.  Supervisory responsibilities
• B.  Monetary policy
• C.  All of these
• D.  Regulatory responsibilities

The major benefit of risk assessment is:

• A.  To staff the plans and financial budgets
• B.  Failure to achieve the organization's goal and objectives
• C.  To consider factor that may affect risk and giving the highest priority to audit areas that have the highest potential for adverse consequences
• D.  To identify the possible adverse effects based solely on the type of activity, the type of resources, amount of assets or complexity of transactions