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AAFM CTEP Exam - Topic 1 Question 3 Discussion

An organization has implemented a software system that requires a supervisor to approve transactions that would cause treasury dealers to exceed their authorized limit. This is an example of which of the following types of controls?
A) Preventive controls.
B) Detective controls.
C) Soft controls.
D) Directive controls.

AAFM CTEP Exam - Topic 1 Question 3 Discussion

Actual exam question for AAFM's CTEP exam
Question #: 3
Topic #: 1
[All CTEP Questions]

An organization has implemented a software system that requires a supervisor to approve transactions that would cause treasury dealers to exceed their authorized limit. This is an example of which of the following types of controls?

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Suggested Answer: A

by Kanisha at May 06, 2022, 06:13 PM

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Florinda
7 months ago
No doubt, it's all about preventing unauthorized transactions.
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Avery
7 months ago
Wait, are we sure it's not a detective control?
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Kiley
7 months ago
I agree, it stops issues before they happen.
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Noel
7 months ago
That's definitely a preventive control!
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Tamie
7 months ago
}
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Francoise
8 months ago
]
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Arletta
8 months ago
}
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Alisha
8 months ago
"Candidate 4",
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Martin
8 months ago
{
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Mira
8 months ago
},
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Gracia
8 months ago
"Some questions test detective controls—detect after the fact; this seems to stop it first."
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Rochell
9 months ago
{
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Celeste
9 months ago
Seems a bit too strict, is that really necessary?
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Alisha
9 months ago
"Candidate 3",
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Gracia
9 months ago
"Not soft or directive; it's a formal preventive control."
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Ty
10 months ago
},
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Gracia
10 months ago
"I've seen similar practice questions label this as a preventive/authorization control."
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Alisha
10 months ago
"Candidate 2",
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Raelene
10 months ago
{
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Chantay
10 months ago
},
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Gracia
10 months ago
"I think it's preventive controls—the supervisor's approval should prevent the over-limit transaction, right?"
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Alisha
11 months ago
"Candidate 1",
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Ilona
11 months ago
{
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Stefan
11 months ago
[
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Celeste
11 months ago
{
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Chanel
11 months ago
This is a good opportunity to showcase my Salesforce knowledge. I'm confident that the recommendations I choose will make a significant impact on the business's manual order upload process.
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Paz
11 months ago
I'm confident that the answer is D. Recognition is the HR function that is centered on highlighting and rewarding positive employee behaviors and accomplishments.
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Fernanda
12 months ago
I feel like minifying JavaScript can improve load times, but does it really address the specific problem of stock price requests?
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