American Bankers Association Exam CTFA Topic 5 Question 61 Discussion

Actual exam question for American Bankers Association's Certified Trust and Financial Advisor exam

Question #: 61
Topic #: 5

[All Certified Trust and Financial Advisor Questions]

Identification and documentation of the controls and policies which address the risk management issues for each of the Standards is the necessary step for:

AOperational procedure

BGuideline procedure

COrganizational policy

DSelf-assessment process

Show Suggested Answer

Suggested Answer: D

by Terrilyn at Mar 15, 2024, 10:24 AM

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Margart

1 days ago

I agree with Ettie, because organizational policies provide a systematic approach to addressing risk management issues.

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Ettie

2 days ago

I think the answer is C) Organizational policy.

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