Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

AFP CTP Exam - Topic 2 Question 19 Discussion

A company has been a publicly traded company since 2001. Only 14% of the available stock is sold to the public and traded on the NYSE. The founding family retains control of 86% of the company. The audit committee consists of a CPA, an investment advisor, and two family members. In 2013, the CFO and CEO decided to change the director's code of conduct due to fraud attempts by one of the vice presidents. The vice president is still employed by the company as the stolen check stock was returned. What form is legally required to be filed by the company due to the code of conduct change?
D) 10-Q
A) 8-K
B) 8300
C) 10-K

AFP CTP Exam - Topic 2 Question 19 Discussion

Actual exam question for AFP's CTP exam
Question #: 19
Topic #: 2
[All CTP Questions]

A company has been a publicly traded company since 2001. Only 14% of the available stock is sold to the public and traded on the NYSE. The founding family retains control of 86% of the company. The audit committee consists of a CPA, an investment advisor, and two family members. In 2013, the CFO and CEO decided to change the director's code of conduct due to fraud attempts by one of the vice presidents. The vice president is still employed by the company as the stolen check stock was returned. What form is legally required to be filed by the company due to the code of conduct change?

Show Suggested Answer Hide Answer
Suggested Answer: D

by Marguerita at Mar 08, 2026, 12:38 PM

Limited Time Offer

25%

Off

Get Premium CTP Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Sarah
2 hours ago
Agreed! Major changes need to be reported.
upvoted 0 times
...
Laurena
5 days ago
I think it's A) 8-K. It's for significant events.
upvoted 0 times
...
Francoise
10 days ago
Not sure if the 8-K is enough for such a serious issue.
upvoted 0 times
...
Nana
16 days ago
10-K is for annual reports, not this situation.
upvoted 0 times
...
Idella
2 months ago
Wait, the VP is still employed? That's surprising!
upvoted 0 times
...
Skye
2 months ago
I agree, 8-K makes sense here.
upvoted 0 times
...
Ngoc
2 months ago
Definitely an 8-K filing needed for that code change.
upvoted 0 times
...
Luther
3 months ago
10-K would be too late for this kind of update, right?
upvoted 0 times
...
Deeanna
3 months ago
Not sure if an 8-K is enough for such a serious issue.
upvoted 0 times
...
Margarett
3 months ago
Wait, the VP is still employed? That’s surprising!
upvoted 0 times
...
Ellsworth
3 months ago
I agree, 8-K makes sense here.
upvoted 0 times
...
Slyvia
3 months ago
Definitely an 8-K filing needed for that code of conduct change.
upvoted 0 times
...
Eliz
3 months ago
I feel like the 8300 is about cash transactions over $10,000, so that doesn't seem right. I lean towards 8-K too, but I'm not completely confident.
upvoted 0 times
...
Glynda
4 months ago
I practiced a similar question where a company had to report a significant event, and I think it was definitely an 8-K.
upvoted 0 times
...
Jaime
4 months ago
I'm not entirely sure, but I remember something about 10-K being more about annual reports. Could it be 10-Q instead?
upvoted 0 times
...
Aimee
4 months ago
I think the answer might be 8-K since it relates to significant events that shareholders should know about, like changes in the code of conduct.
upvoted 0 times
...

Save Cancel