SOFE Exam SOFA-CFE Topic 6 Question 110 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 110
Topic #: 6

The claims that have occurred prior to the company's balance sheet date, were not reported, and therefore are not recorded by the company are known as:

AUnknown losses

BUnclaimed losses

CUnrecorded losses

DLong-tail losses

Show Suggested Answer

Suggested Answer: A

by Susana at Apr 07, 2025, 01:58 AM

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Ligia

2 days ago

I'm not sure, but D) Long-tail losses also sound plausible to me. It could be losses that take a long time to materialize.

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Laurena

7 days ago

D) Long-tail losses sounds like the right answer to me. These types of losses can often go unnoticed for a long time.

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Kris

13 days ago

I agree with Mariko, unrecorded losses make sense because they were not reported before the balance sheet date.

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Bettina

14 days ago

I think the correct answer is C) Unrecorded losses. The question clearly states that the claims were not reported, so they would not be recorded by the company.

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Mariko

16 days ago

I think the answer is C) Unrecorded losses.

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