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

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Nicolette

4 months ago

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

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Caitlin

5 months ago

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

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Delmy

5 months ago

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

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Erick

5 months ago

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

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Henriette

5 months ago

Definitely A, they oversee the big picture stuff!

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Valentin

5 months ago

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

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Beatriz

5 months ago

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

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Hershel

6 months ago

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

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Andrew

6 months ago

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

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Jina

6 months ago

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

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Dulce

6 months ago

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

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Levi

6 months ago

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

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Linwood

6 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.

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Carmen

7 months ago

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

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Lawana

7 months ago

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

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Phung

7 months ago

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

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Sarina

7 months ago

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

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Nan

7 months ago

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

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Micheal

8 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.

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Abel

8 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.

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Denise

8 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.

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Serina

8 months ago

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

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Javier

3 months ago

I feel like the audit committee checks everything before approval.

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Mammie

3 months ago

The treasurer might have a big role too, right?

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Tricia

4 months ago

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

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Brynn

4 months ago

I think the board of directors has the final say.

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Valentine

9 months ago

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

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Edda

9 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?

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Deonna

9 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.

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Aliza

9 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.

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