IIA Exam IIA-CFSA Topic 1 Question 39 Discussion

Actual exam question for IIA's Certified Financial Services Auditor exam

Question #: 39
Topic #: 1

A UIT typically issues redeemable securities (or ''units''), like a mutual fund, which means:

AThat the UITs typically will make a one-time ''public offering''

BA UIT does not activity trade its investment portfolio

CThat the UIT will, buy back an investor's request at their approximate net asset value

DAll of these

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Suggested Answer: C

by Sheron at Oct 05, 2023, 04:23 PM

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