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Certified Financial Services Auditor (CFSA) Questions 241–245 (page: 50)

Updated On: 10-Feb-2026
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Following are the EU Saving Directives paying agents EXCEPT:

  1. Banks and deposit takers
  2. Brokers, Registrars and investment funds
  3. Castilians and transfer agent
  4. All of these

Answer(s): D



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EFRAG is the abbreviation of:

  1. European Federation Reporting Advisory group
  2. European Financial Reporting Advisory group
  3. European Financial and Replacement Advisory group
  4. European Financial Reporting Administration group

Answer(s): B



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The risks associated with operating objectives include all of the following EXCEPT:

  1. Customer requirements
  2. Technology
  3. Competitor
  4. Financial institute

Answer(s): D



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Risks associated with compliance with laws and regulations may actually impact in . Choose the correct set.

  1. Positively, agencies, long term
  2. negatively, goals, short term
  3. negatively, institutions, short term
  4. None of these

Answer(s): B



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Risk assessment may be:

  1. Quantitative only
  2. Qualitative only
  3. Both A&B
  4. Qualitative in general and quantitative in specific

Answer(s): C



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