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NACVA Exam CVA Topic 3 Question 57 Discussion

Actual exam question for NACVA's CVA exam
Question #: 57
Topic #: 3
[All CVA Questions]

When it comes to related party transactions, it is important that the analyst gather:

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Suggested Answer: D

by Rhea at Sep 22, 2022, 04:28 AM

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Lettie
11 days ago
Wait, wait, wait - you're telling me there are 'related party transactions' that aren't just family members trying to bilk the company out of every last penny? Color me shocked!
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Norah
14 days ago
Option D looks okay, but it's missing some key pieces. Loans, leases, and purchases - that's a good start, but what about the other juicy stuff, like kickbacks and secret handshakes?
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Nieves
23 days ago
Hah, option C? Seriously? A simple list of the terms? That's like trying to solve a murder mystery by just looking at the crime scene photos. Gotta dig deeper!
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Britt
1 months ago
I mean, option B is just too vague. You need more than just 'related party transactions information'. The devil's in the details, am I right?
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Gerald
2 days ago
A) As much information as is available in order to determine the nature of the transactions and their propriety
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Sherell
11 days ago
I agree, option B is definitely too vague. We need all the details to make an informed analysis.
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Loreta
21 days ago
D) Information regarding loans to and from related parties, leases, or purchases
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Kristel
23 days ago
C) The list prepared that describes the terms of the transactions
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Lauryn
26 days ago
A) As much information as is available in order to determine the nature of the transactions and their propriety
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Sharen
1 months ago
Well, this is a no-brainer. Option A is clearly the most comprehensive approach to understanding related party transactions. Gotta get all the details, you know?
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Alexis
18 days ago
User 2: Definitely, it's important to gather as much information as possible to understand the nature of the transactions.
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Percy
21 days ago
User 1: I agree, option A is the way to go. We need all the information to make a proper analysis.
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Blythe
2 months ago
I believe we should also focus on gathering information about loans to and from related parties, leases, or purchases.
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Jamie
2 months ago
I agree with Shenika. It's important to determine the nature of the transactions and their propriety.
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Shenika
2 months ago
I think when it comes to related party transactions, we should gather as much information as possible.
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