American Bankers Association Exam CTFA Topic 9 Question 85 Discussion

Actual exam question for American Bankers Association's CTFA exam

Question #: 85
Topic #: 9

[All CTFA Questions]

Internal Control is:

Athe process of controlling the impact of risk related events on a company

Bthe process of planning the processes in order to avoid risk related events to a company

Cthe process of designing the models to avoid risk related events on a company

DAll of the above

Show Suggested Answer

Suggested Answer: A

by Justine at Feb 06, 2025, 05:03 PM

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Dana

5 days ago

Option A seems pretty straightforward to me. Internal control is all about managing the impact of risks, not just planning or designing to avoid them.

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Anjelica

9 days ago

I believe it's D) All of the above, because internal control involves planning, designing, and controlling to mitigate risks.

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Colette

13 days ago

I agree with Melissia, it's about managing risks to protect the company.

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Melissia

19 days ago

I think Internal Control is the process of controlling the impact of risk related events on a company.

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