AFP CTP Exam - Topic 5 Question 15 Discussion

Actual exam question for AFP's CTP exam

Question #: 15
Topic #: 5

[All CTP Questions]

Who has responsibility for final approval of treasury policies that have a significant impact on the organization?

AThe board of directors

BThe chief financial officer

CThe treasurer

DThe audit committee

Show Suggested Answer

Suggested Answer: A

by Katlyn at Oct 15, 2025, 01:25 PM

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel

Nicolette

2 months ago

I feel B) is right. CFOs have the expertise for treasury policies.

upvoted 0 times

...

Caitlin

3 months ago

D) The audit committee? They review policies, but not final approval.

upvoted 0 times

...

Delmy

3 months ago

C) The treasurer makes sense too, but they report to the CFO.

upvoted 0 times

...

Erick

3 months ago

I lean towards B) The chief financial officer. They manage finances directly.

upvoted 0 times

...

Henriette

4 months ago

Definitely A, they oversee the big picture stuff!

upvoted 0 times

...

Valentin

4 months ago

Wait, I thought the CFO had the final say on treasury policies?

upvoted 0 times

...

Beatriz

4 months ago

Totally agree, the board needs to have the final say!

upvoted 0 times

...

Hershel

4 months ago

Gotta love those audit committees - they're like the treasury police, making sure everything is squeaky clean.

upvoted 0 times

...

Andrew

4 months ago

The board of directors is like the CEO of the CEO. They're the ones calling the shots on the big stuff.

upvoted 0 times

...

Jina

4 months ago

C) The treasurer manages day-to-day treasury activities, but the board makes the final policy decisions.

upvoted 0 times

...

Dulce

5 months ago

B) The chief financial officer usually oversees treasury operations, but the board has the final say.

upvoted 0 times

...

Levi

5 months ago

D) The audit committee is responsible for reviewing and approving treasury policies.

upvoted 0 times

...

Linwood

5 months ago

Ah, I remember discussing something like this in my finance course. I think the audit committee might also have a role in approving major treasury policies.

upvoted 0 times

...

Carmen

5 months ago

A) The board of directors is the correct answer. They have the ultimate responsibility for approving treasury policies.

upvoted 0 times

...

Lawana

5 months ago

A) The board of directors is usually responsible for that.

upvoted 0 times

...

Phung

5 months ago

I think it's A) The board of directors. They oversee major decisions.

upvoted 0 times

...

Sarina

6 months ago

A) is crucial. The board ensures alignment with the organization's goals.

upvoted 0 times

...

Nan

6 months ago

Not sure about that, seems like the treasurer should have a bigger role.

upvoted 0 times

...

Micheal

6 months ago

For a question like this, I'd start by considering the overall governance structure and decision-making processes. That should help me narrow down the most likely answer.

upvoted 0 times

...

Abel

6 months ago

I'm a bit unsure on this one. The treasurer or CFO might also have some approval authority, but I'm not totally sure how it's divided up.

upvoted 0 times

...

Denise

7 months ago

I'm pretty confident the board of directors has final approval on major treasury policies. That's usually their role in providing oversight.

upvoted 0 times

...

Serina

7 months ago

Hmm, this seems like a tricky one. I'll need to think carefully about the different roles and responsibilities within the organization.

upvoted 0 times

Javier

2 months ago

I feel like the audit committee checks everything before approval.

upvoted 0 times

...

Mammie

2 months ago

The treasurer might have a big role too, right?

upvoted 0 times

...

Tricia

2 months ago

But isn’t the CFO usually involved in those decisions?

upvoted 0 times

...

Brynn

2 months ago

I think the board of directors has the final say.

upvoted 0 times

...

Valentine

7 months ago

I feel like the audit committee might be involved in oversight, but I can't recall if they actually approve treasury policies.

upvoted 0 times

...

Edda

7 months ago

I’m a bit confused about the roles here. I thought the treasurer handled day-to-day operations, but maybe they don’t have the final approval?

upvoted 0 times

...

Deonna

7 months ago

I remember a practice question where the CFO was mentioned as having significant influence, but I feel like the board ultimately has to approve it.

upvoted 0 times

...

Aliza

8 months ago

I think the board of directors usually has the final say on major policies, but I'm not entirely sure if that's always the case for treasury policies.

upvoted 0 times

...