AFP Certification Changed CTP Questions

Certified Treasury Professional Questions and Answers

Question 93

In order to be defined as independent, a corporate director:

cannot have owned preferred stock shares in the company.

cannot have a material relationship with the company.

cannot meet regularly with executive management outside of board meetings.

cannot have been an employee with the company during the past three years.

Question 94

Which of the following is NOT a method multinational companies (MNC) use to repatriate capital?

Internal factoring

Dividends

Transfer pricing

Management fees

Question 95

A company’s credit agreements or loan covenants may require:

minimum ratings for insurance carriers.

high deductible levels and risk retention in order to minimize premium payments.

outsourcing of the claims approval and payment process to an insurance company.

risk management staff to work directly with underwriters to reduce commission payments.

Question 96

As a result of the Sarbanes-Oxley Act, what new entity was established to sanction firms and individuals for audit violations?

The Sarbanes-Oxley Review and Assessment Board

The Accounting Controls Advisory Board

The Public Company Accounting Oversight Board

The Auditing Review Board