Online Access Free IIA-CFSA Practice Test

Some organizations will strive to simply with the law; others will use the Act as an opportunity to further promote treasury best practices. Specific areas of opportunity include all of the following EXCEPT:

• A.Identifying control points/issues and improving control processes
• B.Improving financial reporting and support processes
• C.None of these
• D.Strengthening global governance activities

The two most common types of commercial insurance companies are:

• A.Partnership and corporation
• B.Equity and debt
• C.Sole proprietor and stock
• D.Stock and mutual

Bank may serve as trustee or custodian for pension and profit sharing plans that self- employed individuals establish for them selves and their employees. These types of trust are referred to as:

• A.None of these
• B.Defined benefit plans
• C.Keogh plans
• D.Individual retirement account

Some general criticisms on variable life insurance include all EXCEPT:

• A.Investment risk is unknown
• B.Limited in investment choices
• C.High cost
• D.Flexible premiums

If interest rates fall, a bond issuer may decide to pay off (or "retire") its debt and issue new bonds that pay a lower rate. When this happens, the fund may not be able to reinvest the proceeds in an investment with a high return or yield. This is an example of:

• A.Credit risk in bond funds
• B.All of these
• C.Prepayment risk in bond funds
• D.Interest rate risk in bond funds