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IIA-CFSA – Certified Financial Services Auditor

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Showing 16–18 of 20 questions

Question 16 (Volume B)

Securities available for sale should be reported at current market value. When this type of security has an unrealized gain or loss:

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    It is reported on balance sheet
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    It is reported on income statement
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    It is not reported on income statement
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    It is reported on cash flow statement
Question 17 (Volume A)

All of the following phrases are used to express the auditor’s opinion EXCEPT:

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    Give a true and fair view
  • ○

    Present fairly, in all material respects
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    Timely and consistent opinion
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    Comprehensible and realistic view
Question 18 (Volume E)

Term Life insurance is available in which of the following variant?

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    Group team life insurance
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    Decreasing team life insurance
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    Level team life insurance
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    All of these