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Pass Using CTP Exam Dumps

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Question 88

An internal auditor discovers that employees can enter and approve their own wire transfers. This practice violates what internal control?

Options:

A.

Adequate segregation of duties

B.

Accurate reporting of cash transactions

C.

Appropriate monitoring of covenant compliance

D.

Proper authorization of investment transactions

Question 89

For a retirement plan to be qualified under ERISA, employer and employee contributions must be:

Options:

A.

invested to maximize portfolio return.

B.

placed in a separate fund held by a third party.

C.

placed with a professional investment manager.

D.

invested to provide a defined benefit for plan participants.

Question 90

A construction company just received a notification from its bank advising it of an altered dollar amount on a check. This notification is MOST LIKELY the result of:

Options:

A.

the use of positive pay.

B.

the use of controlled disbursement.

C.

automated reconciliation services.

D.

reverse positive pay.

Question 91

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

Options:

A.

minimum ratings for insurance carriers.

B.

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

C.

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

D.

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

Page: 22 / 34
Exam Code: CTP
Exam Name: Certified Treasury Professional
Last Update: Nov 21, 2024
Questions: 932
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