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:

AAs much information as is available in order to determine the nature of the transactions and their propriety

BRelated part transactions information

CThe list prepared that describes the terms of the transactions

DInformation regarding loans to and from related parties, leases, or purchases

Show Suggested Answer

Suggested Answer: D

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

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Nieves

6 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

20 days 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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Loreta

4 days ago

D) Information regarding loans to and from related parties, leases, or purchases

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Kristel

6 days ago

C) The list prepared that describes the terms of the transactions

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Lauryn

9 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

25 days 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

13 hours 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

4 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

29 days 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

1 months ago

I agree with Shenika. It's important to determine the nature of the transactions and their propriety.

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Shenika

1 months ago

I think when it comes to related party transactions, we should gather as much information as possible.

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