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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Daisy

I'm sure B is the correct answer. The assessment should cover all aspects of internal control, not just financial reporting.

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Ezekiel

8 days ago

False. Management's assessment is not limited to internal control over financial reporting. It also includes other aspects of the company's operations.

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Roxane

10 days ago

I agree with Kayleigh. It makes sense that management's assessment is focused on financial reporting.

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Jamal

13 days ago

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

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Kayleigh

21 days ago

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

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