CFPS Certification

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NEW QUESTION: 1
What options are possible in financial conditions for controlling interest rates (3 answers are correct)
A. Average mark up / mark down
B. Maximum mark up / mark down
C. Absolute mark up / mark down
D. Minimum / maximum
E. Relative mark up / mark down
Answer: C,D,E

NEW QUESTION: 2
A form of corrosion that can occur at the junction of dissimilar metals when they are joined together in a suitable electrolyte is __________.
A. Cathodic corrosion
B. Galvanic corrosion
C. Anodic corrosion
D. All of the above
Answer: B

NEW QUESTION: 3
An IS auditor is assigned to perform a postimplementation review of an application system. Which of the following situations may have impaired the independence of the IS auditor? The IS auditor:
A. participated as a member of the application system project team, but did not have operational responsibilities.
B. implemented a specific control during the development of the application system.
C. designed an embedded audit module exclusively for auditing the application system.
D. provided consulting advice concerning application system best practices.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Independence may be impaired if an IS auditor is, or has been, actively involved in the development, acquisition and implementation of the application system. Choices B and C are situations that do not impair an IS auditor's independence. Choice D isincorrect because an IS auditor's independence is not impaired by providing advice on known best practices.

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