GFOA CPFO Exam - Topic 8 Question 2 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 2
Topic #: 8

[All CPFO Questions]

The CFO Act of 1990 mandates all of the following EXCEPT:

Aestablishment of a leadership structure.

Bprovision for long-range planning.

Cstrengthening accountability reporting.

Dunqualified audited financial statements.

Show Suggested Answer

Suggested Answer: D

by Louisa at May 04, 2022, 01:56 PM

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Terrilyn

4 months ago

Leadership structure is a must-have in the Act!

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Craig

4 months ago

Wait, so they don’t require unqualified audits? That seems off.

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Dominga

4 months ago

I thought long-range planning was part of it?

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Luisa

4 months ago

Definitely not about unqualified audited statements!

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Alonso

5 months ago

The CFO Act of 1990 is all about accountability.

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Frederick

5 months ago

I’m pretty certain that the Act emphasizes accountability, but I can't recall if it explicitly mentions long-range planning as a mandate.

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Destiny

5 months ago

I think the Act does require a leadership structure and accountability reporting, but long-range planning seems a bit vague.

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Caprice

5 months ago

I remember the CFO Act focuses on accountability and financial reporting, but I'm not sure if it specifically mandates unqualified audited financial statements.

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Tomoko

5 months ago

I practiced a similar question about the CFO Act, and I feel like the unqualified financial statements might not be a direct requirement.

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Jenelle

5 months ago

Okay, I think I've got a handle on this. Using the order number from the OMS as an external ID seems like a good approach to avoid duplicates.

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Ula

5 months ago

Got it, I think I know the right approach here. Work.com has some great coaching and feedback tools that could really help boost sales performance.

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Shannan

5 months ago

I'm a bit confused by the wording here. The prompt talks about "a standard data format" - does that mean it's not just a general electronic referral system? I'll have to think this through carefully.

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