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Certified Financial Services Auditor (CFSA) Questions 236–240 (page: 49)

Updated On: 10-Feb-2026
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Basel II aims to improve the security and long-term viability of the financial system by focusing on bank's

  1. Internal control System
  2. Supervisory discipline
  3. Marketing discipline
  4. None of these

Answer(s): D



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The enterprise- wide risk management approach focuses both on familiar financial risks and harder to measure--though equally important:

  1. Strategic, business level and reputational risks
  2. Strategic, operational and reputational risks
  3. Strategic, business level and operational level risks
  4. None of these

Answer(s): B



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New Zealand's major trading partners are in the process of adopting or have already adopted, the international's accounting standards this includes all EXCEPT:

  1. Australia and Singapore
  2. Hong Kong and European Union
  3. United State, Canada and Japan
  4. None of these

Answer(s): C



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The accounting standards in the United State are:

  1. Generally accepted accounting principles
  2. U.S. Generally accepted accounting principles
  3. IFRS Standards
  4. None of these

Answer(s): B



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The EU saving Directive is aimed at effective taxation of saving income in the form of:

  1. Interest payments
  2. Inflation
  3. Both of these
  4. None of these

Answer(s): A



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