American Bankers Association Exam CTFA Topic 10 Question 75 Discussion

Actual exam question for American Bankers Association's CTFA exam

Question #: 75
Topic #: 10

[All CTFA Questions]

The SEC rules clarify that management's assessment and report is limited to internal control over financial reporting.

ATrue

BFalse

Show Suggested Answer

Suggested Answer: C

by Merilyn at Sep 13, 2024, 09:42 AM

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Joanna

1 months ago

Wait, the SEC rules are about internal control? I thought they were just for keeping the interns under control!

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Ramonita

1 months ago

True. Internal control over financial reporting is the key focus, as it's crucial for accurate financial statements.

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Leigha

1 months ago

Hmm, this is a tricky one. I'll have to review the SEC rules again to be sure.

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Donte

3 days ago

B) False

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Joseph

12 days ago

I think it's true, management's assessment and report is indeed limited to internal control over financial reporting.

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Antione

25 days ago

A) True

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2 months ago

True. The SEC rules specifically focus on internal control over financial reporting, not the entire system of internal control.

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Lore

2 months ago

That's correct. The SEC rules do indeed focus on internal control over financial reporting.

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Valentin

2 months ago

A) True

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Kayleigh

2 months ago

True. Management's assessment and report is indeed limited to internal control over financial reporting.

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