Certified Financial Services Auditor

Here you have the best IIA IIA-CFSA practice exam questions

You have 509 total questions to study from
Each page has 5 questions, making a total of 102 pages
You can navigate through the pages using the buttons at the bottom
This questions were last updated on January 29, 2026
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Question 1 of 509

Which of the following situation would not impair audit objectivity?

An auditor is assigned to audit a business function that the auditor was responsible for nine months ago

An individual temporarily assigned to the internal audit activity because of the individuals expert knowledge in a particular business function assigned to audit an activity that the individual was responsible for just prior to transferring to the internal audit activity

An auditor is assigned to perform a post-implementation review on a system for which the auditor participated in the design process

An auditor is assigned to perform a post-implementation review on a system for which the auditor performed a procedure review and made control

Correct Answer: D

Question 2 of 509

Internal auditing:

Is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations

Is an independent, performance measurement and consulting activity designed to add Value and improve an organization’s operations

Helps an organization accomplish objectives by bringing a systematic, disciplined Approach to evaluate but rarely improve the effectiveness of risk management, control and governance

Helps an organization accomplish objectives by bringing a targeted, disciplined approach to evaluate but rarely improve the effectiveness of risk management,

Correct Answer: A

Question 3 of 509

IIA’s code of ethics applies to __________ that provide internal auditing services:

Individuals

Entities

Individuals and entities

Individuals, entities and indirect authorities

Correct Answer: C

Question 4 of 509

Internal auditors are expected to uphold the following principles:

Integrity, objectivity, competency

Integrity, objectivity, confidentiality, and competency

Integrity, objectivity, awareness and competency

Integrity, objectivity, entirety

Correct Answer: B

Question 5 of 509

"Internal auditors make a balanced assessment of all the relevant circumstances and are not unduly influenced by their own interests or by others in forming judgments." This statement best explains one of the following principles:

Competency

Confidentiality

Objectivity

Integrity

Correct Answer: C