Free CFSA Exam Braindumps
Certified Financial Services Auditor (CFSA) Questions 246–250 (page: 51)

Updated On: 10-Feb-2026
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An intelligent risks management platform approaches risk from the:

  1. Higher level
  2. Moderate level
  3. Low/ operational level
  4. Both A and B as it depends

Answer(s): A



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All the statements mentioned below are clear and compelling business benefits of a strategic approach to enterprise-wide risk intelligence; EXCEPT:

  1. Remove disputes about whose information is "correct"
  2. Improves cross-function, enterprise level analysis.
  3. Provides a reusable enterprise intelligence plat form, able to adders new needs
  4. None of these

Answer(s): D



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Basel Accord II 's addition to key factors that an organization encounters is:

  1. Credit Risk
  2. Market Risk
  3. Operational Risk
  4. Liquidity Risk

Answer(s): C



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Asset Management is the term usually given to describe companies that run manual Funds. The largest are those who provide:

  1. Passive Funds
  2. ETF (Exchange traded funds)
  3. Index Funds
  4. All of the above

Answer(s): D



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The most common index funds tries to tracks the S&P 500 by purchasing all 500 stocks using the same percentage as the index. Other indices that mutual funds try to copy include all of the following EXCEPT:

  1. Russell 2000
  2. Wilshire 5000
  3. MCSI-EAFE
  4. None of these

Answer(s): D



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