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Certified Financial Services Auditor (CFSA) Questions 121–125 (page: 26)

Updated On: 10-Feb-2026
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Visa and MasterCard have teamed up to develop payment card Industry ( PCI) Data Security standards to govern the safekeeping of account information. Which of the following is NOT out of the major goals of PCI standards?

  1. Build and maintain secure network
  2. Protect Card holder Data
  3. Maintain vulnerability management program and regularly monitor and test networks
  4. Annual review of an information security policy

Answer(s): D



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I- Restrict access to data by business need-to-know II- Assign Unique ID t each person with computer access III-Restrict physical access to cardholder data
The above requirements of PCI (Payment Card Industry) achieve which one of the following goals?

  1. Implementation of Strong access control measures
  2. Protection of card holder
  3. Maintenance of information data security policy
  4. Building and maintenance of a secure network

Answer(s): A



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Cash equivalent may include:

  1. Commercial Papers
  2. Returned Checks
  3. Spotted debits
  4. Only A & B

Answer(s): D



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Cash on hand refers to:

  1. Funds in bank
  2. Funds at teller windows
  3. Funds in vault and in ATM
  4. All of these

Answer(s): D



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Due from bank balances are used to:

  1. Ensure liquid reserves
  2. Protect stored data
  3. Restrict physical access to cardholder
  4. Facilitate the transfer of funds and to use as compensation for correspondent banking services

Answer(s): A,D



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