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Who has responsibility for final approval of treasury policies that have a significant impact on the organization?
Suggested Answer: A
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30 comments · newest first
NI
Nicolette
7 months ago
I feel B) is right. CFOs have the expertise for treasury policies.
CA
Caitlin
8 months ago
D) The audit committee? They review policies, but not final approval.
DE
Delmy
8 months ago
C) The treasurer makes sense too, but they report to the CFO.
ER
Erick
8 months ago
I lean towards B) The chief financial officer. They manage finances directly.
HE
Henriette
8 months ago
Definitely A, they oversee the big picture stuff!
VA
Valentin
8 months ago
Wait, I thought the CFO had the final say on treasury policies?
BE
Beatriz
8 months ago
Totally agree, the board needs to have the final say!
HE
Hershel
9 months ago
Gotta love those audit committees - they're like the treasury police, making sure everything is squeaky clean.
AN
Andrew
9 months ago
The board of directors is like the CEO of the CEO. They're the ones calling the shots on the big stuff.
JI
Jina
9 months ago
C) The treasurer manages day-to-day treasury activities, but the board makes the final policy decisions.
DU
Dulce
9 months ago
B) The chief financial officer usually oversees treasury operations, but the board has the final say.
LE
Levi
9 months ago
D) The audit committee is responsible for reviewing and approving treasury policies.
LI
Linwood
9 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.
CA
Carmen
10 months ago
A) The board of directors is the correct answer. They have the ultimate responsibility for approving treasury policies.
LA
Lawana
10 months ago
A) The board of directors is usually responsible for that.
PH
Phung
10 months ago
I think it's A) The board of directors. They oversee major decisions.
SA
Sarina
10 months ago
A) is crucial. The board ensures alignment with the organization's goals.
NA
Nan
10 months ago
Not sure about that, seems like the treasurer should have a bigger role.
MI
Micheal
11 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.
AB
Abel
11 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.
DE
Denise
11 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.
SE
Serina
11 months ago
Hmm, this seems like a tricky one. I'll need to think carefully about the different roles and responsibilities within the organization.
JA
Javier
6 months ago
I feel like the audit committee checks everything before approval.
MA
Mammie
6 months ago
The treasurer might have a big role too, right?
TR
Tricia
7 months ago
But isn’t the CFO usually involved in those decisions?
BR
Brynn
7 months ago
I think the board of directors has the final say.
VA
Valentine
12 months ago
I feel like the audit committee might be involved in oversight, but I can't recall if they actually approve treasury policies.
ED
Edda
12 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?
DE
Deonna
12 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.
AL
Aliza
1 year 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.