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American Bankers Association Exam CTFA Topic 10 Question 75 Discussion

Actual exam question for American Bankers Association's CTFA exam
Question #: 75
Topic #: 10
[All CTFA Questions]

The SEC rules clarify that management's assessment and report is limited to internal control over financial reporting.

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Suggested Answer: C

by Merilyn at Sep 13, 2024, 09:42 AM

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Joanna
26 days ago
Wait, the SEC rules are about internal control? I thought they were just for keeping the interns under control!
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Ramonita
27 days ago
True. Internal control over financial reporting is the key focus, as it's crucial for accurate financial statements.
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Leigha
29 days ago
Hmm, this is a tricky one. I'll have to review the SEC rules again to be sure.
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Antione
9 days ago
A) True
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Daisy
1 months ago
I'm sure B is the correct answer. The assessment should cover all aspects of internal control, not just financial reporting.
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Pamella
3 days ago
B) False
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Cherry
16 days ago
I think you're right. The assessment is indeed limited to internal control over financial reporting.
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Pamella
20 days ago
A) True
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Ezekiel
2 months ago
False. Management's assessment is not limited to internal control over financial reporting. It also includes other aspects of the company's operations.
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Roxane
2 months ago
I agree with Kayleigh. It makes sense that management's assessment is focused on financial reporting.
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Jamal
2 months ago
True. The SEC rules specifically focus on internal control over financial reporting, not the entire system of internal control.
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Lore
1 months ago
That's correct. The SEC rules do indeed focus on internal control over financial reporting.
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Valentin
1 months ago
A) True
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Kayleigh
2 months ago
True. Management's assessment and report is indeed limited to internal control over financial reporting.
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