IIA-CFSA Exam Dumps | Some objectives of an audit related to mutual funds might include determining that:

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Question 274/487

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

A. All EXCEPT "C"

B. Mutual fund switches are not authorized by the client

C. Mutual fund checks are issued in accordance with firm policies and supported by valid trades

D. Mutual fund purchases are confirmed on a timely basis

Question List (487q): Question 1: _____________ is a type of insurance that employers provide ...; Question 2: Although generally attached to bonds or preferred stock, war...; Question 3: Securities available for resale, by the bank, should be repo...; Question 4: Call provisions are often part of ______________, but usuall...; Question 5: In order to avoid reputation risk; e.g. a bank that originat...; Question 6: "Internal auditors make a balanced assessment of all the rel...; Question 7: To limit strategic risk management should ensure proper bala...; Question 8: Enterprise risk management encompasses all EXCEPT:...; Question 9: Audit evidence:; Question 10: Occasionally, a company will issue additional shares of its ...; Question 11: Which of the following is/are included in the specific steps...; Question 12: Banks can record interest earned on trading securities as ei...; Question 13: Which of the following is not a characteristic of a control ...; Question 14: There are some investment companies, known as exchange-trade...; Question 15: Following are the EU Saving Directives paying agents EXCEPT:...; Question 16: Disadvantages of term life insurance to buyers are all EXCEP...; Question 17: Close-end funds are traded on:; Question 18: _____________ loans allow the consumer to repay a loan over ...; Question 19: At times when you have more money available, you can pay as ...; Question 20: Certificates of deposit may be:...; Question 21: Hedge funds:; Question 22: The primary component of the McCarran-Ferguson Act is/are:...; Question 23: IIA's code of ethics applies to __________ that provide inte...; Question 24: __________ allows businesses that sell durable goods such as...; Question 25: Life insurance that can be made valid up to a certain age or...; Question 26: Types of commercial loans are /are:...; Question 27: Although these rights do not always exist, if they do, share...; Question 28: CAMEL is an acronym that comes from the key areas of a finan...; Question 29: It should be an immediate decision:...; Question 30: Guaranteed investment contracts are contracts between:...; Question 31: In variable universal life (VUL) policies the maximum premiu...; Question 32: Faulty human judgments, misunderstanding of instructions, er...; Question 33: Bank may serve as trustee or custodian for pension and profi...; Question 34: Elements of information and process integrity are that it sh...; Question 35: When a bank charges off a loan as a loss, it reduces an acco...; Question 36: I- Restrict access to data by business need-to-know (Exhibit...; Question 37: Continuous monitoring in systems and networks is a by-produc...; Question 38: I- Loan Processing II- Claims Processing III- Applicating IV...; Question 39: Audits of foreign exchange transactions may include of the f...; Question 40: Non-interest bearing accounts including checking accounts an...; Question 41: Compliance testing is designed primarily to:...; Question 42: In which of the following ways are calls and put options use...; Question 43: Historical simulation and model based approach are the metho...; Question 44: Deductibles for dental insurance plans are _________...; Question 45: Visa and MasterCard have teamed up to develop payment card I...; Question 46: Which of the following type/s of company/ies is/are defined ...; Question 47: Which of the following are typical information system contro...; Question 48: In variable life insurance the number and type of insurance ...; Question 49: The EU saving Directive is aimed at effective taxation of sa...; Question 50: Pension Benefit Guarantee Corporation (PBGC) insures "Define...; Question 51: The most common index funds tries to tracks the S&P 500 ...; Question 52: The duties of a guardian in guardianship arrangements are si...; Question 53: A major type of personal selling distribution system is the:...; Question 54: If more funds than expected are needed to cover loans losses...; Question 55: ____________ is a form of insurance, to move risk from someo...; Question 56: Major categories of loans include all of the following EXCEP...; Question 57: EFRAG is the abbreviation of:; Question 58: Adequate solution for insurance coverage is that:...; Question 59: The benefits of tax deferral will out weigh the costs of a v...; Question 60: Here are the following major types of long-term disability p...; Question 61: The scope of an audit defines the boundaries of the audit by...; Question 62: For example, $50,000 five-year policy might decrease to $40,...; Question 63: There are different classes of mutual funds. Classes that ty...; Question 64: Which of the following statements about endowments is correc...; Question 65: This agreement occurs when a security is sold with an agreem...; Question 66: All of the following are financial instrument EXCEPT:...; Question 67: Workpapers serve as the connecting link between the audit as...; Question 68: An intelligent risks management platform approaches risk fro...; Question 69: Watch lists of loans that are in danger of becoming delinque...; Question 70: Some wills specify that more than one responsible party shar...; Question 71: Negotiable certificates are:; Question 72: ________ are insurance company representatives with the auth...; Question 73: The approximate per-share NAV plus any fees the fund imposes...; Question 74: Major types of individual long-term disability policies are ...; Question 75: Variable life insurance is:; Question 76: One of the largest components of the global derivative marke...; Question 77: Recent activities in the marketplace have caused your compan...; Question 78: The companies strive to improve customer acquisition, servic...; Question 79: Insurance is a method of transferring, for a fee, the financ...; Question 80: The objective/s of a trust department audit is/ are to:...; Question 81: The accumulation phase in annuities can last from as long as...; Question 82: Banks should account for trading securities at market value....; Question 83: "These are usually secured by mortgages, deeds of trust, lan...; Question 84: Basel II aims to improve the security and long-term viabilit...; Question 85: Liability insurance is a part of general insurance system of...; Question 86: _________ stock generally costs more than __________ because...; Question 87: Unlike trust, there is no conveyance of title to the account...; Question 88: System tailoring is accomplished by setting optional system ...; Question 89: The tax implications are to be considered in case of life in...; Question 90: Under the principles of bank accounting, loans reported as n...; Question 91: Options are quoted daily in the newspapers. The listing prov...; Question 92: There are multiple sets of attribute and performance standar...; Question 93: A manager of a very controversial program may have stolen on...; Question 94: Performance as _____________ is normally the only true trust...; Question 95: The main objective/s of an audit of swaps is/are:...; Question 96: Non-deposit investment product includes:...; Question 97: These policies provide a death benefit when the insured dies...; Question 98: The process of purchasing all or any part of anew issue of m...; Question 99: Which premium life insurance is flexible enough under which ...; Question 100: Deposit in many banks are insured by the ______________, whi...; Question 101: Municipal bonds are issued by state and local governments, U...; Question 102: Commercial banks create money by:...; Question 103: Commonly used distribution system/s in the insurance industr...; Question 104: Relief from administrative details and continuity are the ma...; Question 105: "Ongoing monitoring activities are conducted to periodically...; Question 106: Following statements define risk EXCEPT:...; Question 107: The main purposes of the audit survey are to assist with fol...; Question 108: When purchasing a flood insurance policy, there is a standar...; Question 109: Financial institutions regularly identify uncollectible acco...; Question 110: Standard and poor's 500 index, the Dow Jones Industrial aver...; Question 111: Which one of the following audit objectives and steps should...; Question 112: Considerations for determining required audit resources incl...; Question 113: The plans developed for the audit functions should be update...; Question 114: Risks associated with compliance with laws and regulations m...; Question 115: __________ is a tool to transfer qualified investments from ...; Question 116: The reliability (competence) of evidence gathered by auditor...; Question 117: A trust agreement is called:; Question 118: Which of the following steps is/are NOT considered in the au...; Question 119: ______________ includes provision provided by issuers to red...; Question 120: Management of the lending institution sets a reserve for loa...; Question 121: Derivates can be effective low cost tools for managing expos...; Question 122: Back-office operations are _____________ as offshore operati...; Question 123: ___________ help bring performance back into compliance, or ...; Question 124: Individuals can invest in REITs:...; Question 125: Which one of the following dominates the banking industry?...; Question 126: Banks provide the following personal trust services for indi...; Question 127: The major benefit of risk assessment is:...; Question 128: General liability insurance covers the major liability expos...; Question 129: __________ allows businesses that sell durable goods such as...; Question 130: All of the following phrases are used to express the auditor...; Question 131: Purchasers of universal life policies specify the policy's f...; Question 132: Deposit accounts are either interest bearing or non-interest...; Question 133: The federal open market committee (FOMC) board sets reserve ...; Question 134: Surrender charges usually apply only if the annuity has been...; Question 135: Reasonable assurance relates to the:...; Question 136: Auditors must use professional judgment to determine the imp...; Question 137: Most certificates are held by the depository trust company a...; Question 138: __________pays damaged insured by the injured and the insure...; Question 139: The term umbrella market segmentation is referred to:...; Question 140: Electronic financial services audits should focus on whether...; Question 141: Annuities provide the annuitants with ________________....; Question 142: The purpose of audits of financial statements is to issue an...; Question 143: Not all misstatements will be material enough to affect the ...; Question 144: Most municipal and corporate bonds are rated by an independe...; Question 145: Five internal control components are:...; Question 146: Universal life policies are a form of permanent life insuran...; Question 147: Some specific requirements of securities and exchange 1934 A...; Question 148: Which one of the following is/are NOT the type of retirement...; Question 149: Financial institutions regularly identify uncollectible and ...; Question 150: Customer accounts: Ensure that the firm is exercising due di...; Question 151: ____________ is an electronic payment network used by indivi...; Question 152: During the posting process of ledger records on deposit acco...; Question 153: Personal trust accounts may be:...; Question 154: Interest rate risk arises from differences between the timin...; Question 155: The financial institutions' general ledger records activity ...; Question 156: An objective of an exit conference is that it provides the c...; Question 157: A manufacturer wants to protect the company from financial l...; Question 158: To the extent that the hedged relationship ceases to be effe...; Question 159: Risk assessment may be:; Question 160: Following elements should be documented in the audit scope E...; Question 161: Federal Reserve Board has:; Question 162: Preliminary prospectuses are often called:...; Question 163: Money market funds:; Question 164: Strategic planning is the process of taking a long-term view...; Question 165: Factor/s that influences/influence the state of an organizat...; Question 166: Some general criticisms on variable life insurance include a...; Question 167: "A valid contract involves each party giving something of va...; Question 168: Auditors should be aware that the investment objectives of a...; Question 169: Which one of the following statements is NOT the part of aud...; Question 170: Homeowner policies combine property and casualty coverage in...; Question 171: Which of the following is NOT included in the list of princi...; Question 172: Regulation D, an SEC rule governing the limited offer and sa...; Question 173: Which of the following would not generally be a responsibili...; Question 174: If a surgeon loses a hand, she may not be able to perform su...; Question 175: Most of the group health policies contain a _____________to ...; Question 176: I. Surrender Changes II. Mortality and Expense risk change I...; Question 177: Which one of the following questions is NOT considered when ...; Question 178: ___________ result from a failure to follow the logic of a s...; Question 179: An index method that credits index-linked interest based on ...; Question 180: The due from bank either credits the due to bank's account o...; Question 181: Which of the following should be the next step after the str...; Question 182: Which one of the following Factors does NOT ensure the finan...; Question 183: I - In term life insurance premium increase with age no cash...; Question 184: The entity has comprehensive, written credit risk management...; Question 185: Residential loans are usually secured by all EXCEPT:...; Question 186: Which one of the annuities, mentioned below, is not regulate...; Question 187: The extent to which an organization has implemented controls...; Question 188: Internal auditing controls (e.g. segregation of duties, moni...; Question 189: Which of the following way best defines disability insurance...; Question 190: A residential mortgage-related security that is rated invest...; Question 191: Trust under will is a term referred to:...; Question 192: Exception reports generated by the lending institution are d...; Question 193: These are used to speculate on the direction of interest rat...; Question 194: A sound data classification scheme sets the foundation for t...; Question 195: Group permanent life insurance often used:...; Question 196: Following is a list of background items auditors should revi...; Question 197: Banks should develop policies related to ALM, including spec...; Question 198: Known limitations of VaR methodology include the fact that c...; Question 199: Option's in major types of life insurance is/are:...; Question 200: All the activities, mentioned below, cause rise in interest ...; Question 201: A contract whereby one undertakes to indemnify another or pa...; Question 202: Auditors define audit objectives based on information gained...; Question 203: Interest rates offered on new CDs changes:...; Question 204: The trustee is responsible for producing a schedule of distr...; Question 205: In which of the following ways would the writer of an uncove...; Question 206: When one party trades a variable interest rate for a fixed i...; Question 207: IF a securitization transaction meets FAS 125 sale or servic...; Question 208: Off-balance-sheet usually means an asset or debt or financin...; Question 209: Basic control/s to consider when auditing derivates strategi...; Question 210: Financial services organizations are challenged to provide r...; Question 211: Nature of internal audit activities and quality criteria aga...; Question 212: Traditionally, insurance is paid:...; Question 213: Mutual funds provide an attractive investment choice because...; Question 214: Some organizations have information protection policies that...; Question 215: ____________ swaps give companies extra flexibility to explo...; Question 216: The enterprise- wide risk management approach focuses both o...; Question 217: Which one of the following is not commonly granted trustee's...; Question 218: Internal auditing:; Question 219: In SEC review process, if SEC believes that the registration...; Question 220: The balance sheet is the fundamental report of a company's f...; Question 221: Insurance companies assist individuals in managing personal ...; Question 222: The responsibility of setting an estate includes:...; Question 223: As interest rate change, the price of an issued bond also ch...; Question 224: Which of the following statements is NOT related to competen...; Question 225: It is a characteristic of insurance policy according to whic...; Question 226: Which of the following activity/ies should be considered by ...; Question 227: Some of the risks associated with bond funds are all of the ...; Question 228: Which one of the following is not including in typical type ...; Question 229: ___________ supervise domestic and international activities ...; Question 230: Deposit accounts are:; Question 231: Compliance risk can lead t[o all of the following situations...; Question 232: Which one of the following statements elaborates some insura...; Question 233: A gold producer wants to hedge his loses attributable to a f...; Question 234: Entrance Conference- The entrance conference may be the audi...; Question 235: The interagency statement calls for these disclosures to be ...; Question 236: Group insurance policies typically include a preexisting con...; Question 237: In the United States, banks are required to report cash depo...; Question 238: Feasibility studies and cost benefit analysis Approval proce...; Question 239: Types of barrowed funds include all EXCEPT:...; Question 240: The objective/s of trust department's administration of corp...; Question 241: Which two of the following characteristics apply to universa...; Question 242: Engagement client management often has a negative perception...; Question 243: Personal liability covers claims for bodily injury or proper...; Question 244: Which one of the following does NOT depicts a common indexin...; Question 245: Banks provide the following personal trust service/services ...; Question 246: You are auditing the claim handing of your branch office. Yo...; Question 247: Due from bank balances are used to:...; Question 248: Which of the following situation would not impair audit obje...; Question 249: Sarbanes Oxley and bases are:; Question 250: Which one of the following activities is not related to the ...; Question 251: Which of the following are NOT common funding vehicles used ...; Question 252: Site Selection Rationale (Exhibit) Client officials client/r...; Question 253: Examples of illegal sales practices may be:...; Question 254: Carefully crafted audit objectives are important BECAUSE:...; Question 255: A mutual fund that invested primarily in utility companies a...; Question 256: Basel Accord II's addition to key factors that an organizati...; Question 257: Derivatives can be:; Question 258: National banks must sell any real estate within _________ of...; Question 259: To server as family and/or financial planning tool (Exhibit)...; Question 260: General Market indices in the commodities market with which ...; Question 261: While performing consulting services internal auditors shoul...; Question 262: Which one of the following is an additional duty of trust de...; Question 263: Organization's Objectives are described in three general cat...; Question 264: Cash and due from other bank accounts that are listed as a c...; Question 265: Insurance contracts are also considered ____________ in that...; Question 266: Letters of credit are also known as:...; Question 267: Whole life policies accrue a cash value that the insurer mus...; Question 268: Issuance of licenses to insurance agents is one of the respo...; Question 269: Insurance products yield _________ compared to regular inves...; Question 270: While the SEC review is in progress, the issuer can circulat...; Question 271: Investors typically cannot ascertain the exact makeup of a f...; Question 272: Term Life insurance is available in which of the following v...; Question 273: Main areas within financial services are:...; Question 274: Some objectives of an audit related to mutual funds might in...; Question 275: _________ are future economic benefits controlled by an enti...; Question 276: It is a contract that defines corporation and bondholders re...; Question 277: Cash on hand refers to:; Question 278: Cash surrender life insurance is referred to:...; Question 279: Defined benefits & defined contribution plans and indivi...; Question 280: When looking at account receivables auditors should ensure:...; Question 281: Whole life policies offer lifetime coverage at a level premi...; Question 282: A __________ is a health insurance plan where medical treatm...; Question 283: A special servicer is the servicer who assumes servicing res...; Question 284: An example of an invalid deductive argument is as follows: M...; Question 285: All these statements elaborate purpose of standards EXCEPT:...; Question 286: There may be instances of massive losses, in case of derivat...; Question 287: ____________ are the instruments with maturities of 30 years...; Question 288: Continuous auditing is a method used to automatically perfor...; Question 289: A firm is trying to acquire another company. This is called ...; Question 290: Some organizations will strive to simply with the law; other...; Question 291: The second largest economic area in the world is:...; Question 292: Which of the following is a limitation in an audit that affe...; Question 293: How many member states of the European Union are participati...; Question 294: Auditors can use background information to define and modify...; Question 295: It provides additional living expenses when the home is unli...; Question 296: Which one of the following is an internal control component?...; Question 297: Bank loans can generally be classified in several ways EXCEP...; Question 298: Which one of the following is common misinterpretation durin...; Question 299: Charitable trust that is an irrevocable trust and that may b...; Question 300: "An element of information, from a transaction to an entire ...; Question 301: A financial institution's performance in helping to meet the...; Question 302: Overall "market risk" poses the greatest potential danger fo...; Question 303: Many businesses generally find CDs to be a:...; Question 304: One fund may invest on mostly established "blue chip" (Compa...; Question 305: Auditors testing mutual funds transactions will typically fo...; Question 306: Banks also serves as "registrar" for stocks and bond issues....; Question 307: Which one of the following is NOT an indicator of control we...; Question 308: The Federal Reserve System interacts with foreign central ba...; Question 309: The types of accounts that bear interest include savings acc...; Question 310: The SEC has 20 day__________ to review the materials before ...; Question 311: __________ agency system uses agents who sell the policies o...; Question 312: Securities available for sale should be reported at current ...; Question 313: Default risk is an alternate term used for:...; Question 314: Internal auditors, engaging in activities that are illegal a...; Question 315: When conducting an audit of securities investments, the foll...; Question 316: The primary objective/s of ECB is/are:...; Question 317: Shareholders also have the right to receive declared dividen...; Question 318: Cash equivalent may include:; Question 319: Adequate procedures and controls associated with swap transa...; Question 320: Notes are debt instruments issued to:...; Question 321: Other asset categories are mentioned in:...; Question 322: Information technology general controls set the foundation f...; Question 323: Checking account may pay interest. Checking accounts that pa...; Question 324: The mission of the NAIC is to assist State Insurance regulat...; Question 325: Which statement is correct concerning commercial letters of ...; Question 326: Managed care health techniques are most often practical by o...; Question 327: Time deposit transactions are recorded in:...; Question 328: Audit objectives that apply to one sales portion are all EXC...; Question 329: Asset Management is the term usually given to describe compa...; Question 330: Which of the following is NOT the benefit of an endowment in...; Question 331: Office of the comptroller of the currency:...; Question 332: Obtaining feedback from client management throughout the aud...; Question 333: Insurance policies are good for insurance needs, however, as...; Question 334: Demand deposit account allows customers to transfer money th...; Question 335: Risks inherent in the management process are known as:...; Question 336: Under the interagency statement when a bank recommends or se...; Question 337: The U.S government is the largest borrower in the world and ...; Question 338: Pension plans that an Employer establishes for retired or di...; Question 339: When the maturity date of the annuity arrives, the insurer b...; Question 340: Standards related to information technology are not as well-...; Question 341: Foreign currency futures contracts may be legitimately trade...; Question 342: Employee benefits are generally considered non-wage compensa...; Question 343: ECB performs all these tasks EXCEPT:...; Question 344: Once the underwriter has reviewed all of the file documentat...; Question 345: The risks associated with operating objectives include all o...; Question 346: Insurance in law and economics, is a form of risk management...; Question 347: All of these are disadvantages of mutual funds EXCEPT:...; Question 348: ____________insurance provides a specified benefit amount in...; Question 349: Both veteran affairs department and the Federal Housing Admi...; Question 350: For Example one exception in 1000 cases is probably not the ...; Question 351: Management must ___________ assess business risk and develop...; Question 352: A UIT typically issues redeemable securities (or "units"), l...; Question 353: Whole life insurance protects for:...; Question 354: Which of the following is not an audit objective of a commod...; Question 355: Which of the following is/ are the responsibility /ies of st...; Question 356: A derivative with a convex payoff-profile at some point befo...; Question 357: Auditors should be aware of the following control and monito...; Question 358: Hospitals document reserves as that portion of the accounts ...; Question 359: "An incoming wire transfer with instruction to pay the benef...; Question 360: All lending institutions assume some loans will not be repai...; Question 361: These are similar to coupon bonds in that ownership is based...; Question 362: COBIT (Control Objectives for Information and Related Techno...; Question 363: Most corporations have an annual meeting where stockholders ...; Question 364: ___________ bank balances are bank assets on deposit in othe...; Question 365: The accounting standards in the United State are:...; Question 366: For refinancing home and mortgage loans for example, the und...; Question 367: Leases allow a customer to use an institution's property for...; Question 368: The two most common types of commercial insurance companies ...; Question 369: Typically, the costs associated with receiving care from the...; Question 370: Correspondent banks, Credit party, Draw down, Execution date...; Question 371: Federal Reserve's duties fall into following general areas E...; Question 372: Risks related to assets/liability management that auditors s...; Question 373: When a loan becomes delinquent or when collection seems unli...; Question 374: Agents that represent one company exclusively are called:...; Question 375: Asset/Liability (ALM) is a short and long term planning tool...; Question 376: These occur when two parties trade currencies at a mutually ...; Question 377: The administration of personal trust accounts is primarily c...; Question 378: The actual amount of payment the annuitant pays is based on:...; Question 379: Securities lending refers to the practice of temporarily tra...; Question 380: Money market funds bond funds (also called "fixed income" fu...; Question 381: A sound Asset/Liability management policy must manage follow...; Question 382: Unsecured bonds are not backed by assets and provide no clai...; Question 383: Initially, back-office operation were created as captives of...; Question 384: An organization might decide that the risk of fire is high s...; Question 385: Trust departments provide services to publicly held companie...; Question 386: The Federal Reserve issue oral or written statement to encou...; Question 387: These are the most common type of municipal bonds and are ba...; Question 388: A health services delivery organization that offers the opti...; Question 389: A less satisfactory option in dental insurance is the:...; Question 390: ___________ are a type of mutual funds that is required by l...; Question 391: The responsibility for preparing and presenting the audited ...; Question 392: Which of the following does NOT come under the consideration...; Question 393: At the end of the day all funds in a non-interest bearing ch...; Question 394: High-risk scores are those with an average of scores:...; Question 395: The European Central Bank is the central bank for the Europe...; Question 396: Trading securities are securities that a bank intends to sel...; Question 397: Stock transfer agent, Bond registrar, stock registrar and di...; Question 398: All members of a group insurance plan (group insureds) are c...; Question 399: If participation rate in an equity indexed entity is 80% and...; Question 400: Reviewing counterparties for creditworthiness and obtaining ...; Question 401: Internal audit routinely reviews compliance risk and also sh...; Question 402: CDs typically require a minimum deposit of at least ________...; Question 403: A bank may serve as ___________ for a company's employee ben...; Question 404: Which of the following is NOT the requirement of Exempt Secu...; Question 405: The primary mechanism for estimating potential losses is mat...; Question 406: Corporations, government entities and other organizations us...; Question 407: A bond currently priced at $1,250 with a 10% nominal yield o...; Question 408: Securities products include: 1. Trusts 2. Annuities 3. Deriv...; Question 409: I- A gold producers wants to hedge his losses attributable t...; Question 410: The management of index funds is _________ than the manageme...; Question 411: HMO (Health maintenance organization) must meet the specific...; Question 412: An entity that purchases and sells securities on its own beh...; Question 413: Theory of life insurance is evolved from:...; Question 414: Major types of Real Estate Investment Trust (REITs) include ...; Question 415: If a mutual fund has an NAV of $100 million, and investors o...; Question 416: Following are the examples of illegal sales practice EXCEPT:...; Question 417: _____________ insures two lives under one policy. Death bene...; Question 418: If interest rates fall, a bond issuer may decide to pay off ...; Question 419: Insurance industry is regulated by:...; Question 420: Optional basic and supplement life insurances are the varian...; Question 421: "A negotiated offering in which a new issue of municipal sec...; Question 422: Notes and bonds are long-term debt instruments. Long-term de...; Question 423: Which of the following are generally considered to be charac...; Question 424: The risk analysis process involves all of the following step...; Question 425: Commercial, residential and consumer are three basic types o...; Question 426: When one buys a cash instrument, for example 100 shares of A...; Question 427: Example/s of ongoing monitoring function/s is/are:...; Question 428: The fund prospectus is the document that provides a general ...; Question 429: Which one of the following generally pays higher rates of in...; Question 430: A commercial or consumer loan made to foreign branch of a la...; Question 431: Bond yield is the return on a bond. Which of the following t...; Question 432: New Zealand's major trading partners are in the process of a...; Question 433: If a corporation has an asset sensitive gap in a rising rate...; Question 434: In effect to protect customers from unsubstantiated or undoc...; Question 435: ___________ have relatively low risks, compared to other mut...; Question 436: A client makes the following statement: "If you make us put ...; Question 437: Some of the countries that do not permit companies to use IA...; Question 438: All the statements mentioned below are clear and compelling ...; Question 439: Funds held in trust cannot be reinvented in:...; Question 440: Asset/liability management is a planning tool designed to ma...; Question 441: Selectively increasing the price of a mortgages loan above t...; Question 442: Some small businesses keep funds in a savings account to gai...; Question 443: Policy holders of whole life insurance use the cash dividend...; Question 444: The "combined ratio" of an insurance company is the ratio fr...; Question 445: Close-end funds:; Question 446: The primary regulatory entities for banking include all EXCE...; Question 447: In a price risk situation if customers withdraw their applic...; Question 448: Recent turmoil in the financial markets illustrate the volat...; Question 449: Insurance companies decide on a _________ whether an investi...; Question 450: _________ insures the real estate loans of borrowers who qua...; Question 451: The term "thrift institution" is referred to:...; Question 452: Asset-based financing involves loans that are secured by the...; Question 453: Which one of the following is NOT the rule of National Assoc...; Question 454: The primary regulatory entities of banking industry include:...; Question 455: _____________ funds may specialize in a particular industry ...; Question 456: ___________ are investment securities that do not fall under...; Question 457: "Audit management must decide whether to sample (judgment or...; Question 458: Which of the following statements about the over-the-counter...; Question 459: Banks generally record securities transactions as of trade d...; Question 460: "Insurers guarantee a minimum rate of interest dunning the t...; Question 461: Many group disability income policies contain a physical exa...; Question 462: Banks that performs variety of services for other bank, e.g....; Question 463: Which of the following are duties of insurance commissioners...; Question 464: In utilization management, utilization reviews begin with a ...; Question 465: Business continuation insurance protects a business against ...; Question 466: If investment returns are very poor, this could lead to:...; Question 467: A participant's right to receive partial or full benefits un...; Question 468: Data gathering and evaluation during field work includes:...; Question 469: Life insurance policy in which two people are covered on one...; Question 470: The "discount on bonds payable" account is __________when a ...; Question 471: Which of the following best suits in place of question mark?...; Question 472: Securities are divided into five categories. Type I securiti...; Question 473: In case of an annuity with a spread of 3%, if the index gain...; Question 474: Both residual and control risk need to be_______________ dea...; Question 475: The auditor should plan an audit with an attitude of:...; Question 476: After implementation of a drop out recovery program, employm...; Question 477: Endowment policies are similar to___________ policies in tha...; Question 478: An area of FOMC board responsibilities is the development an...; Question 479: Preferred stock is similar to common stock in that it repres...; Question 480: End users need to hedge the prices at which they can purchas...; Question 481: Insiders are generally barred from:...; Question 482: A statement of cash flows in a financial report that shows i...; Question 483: Which of the following is least expensive form of life cover...; Question 484: I- With reference to the granting of customer credit lines a...; Question 485: The benefits of an endowment insurance policy include all of...; Question 486: If principal is paid on a loan after it has been placed on n...; Question 487: Underwriting decisions are more influenced by what underwrit...

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