SOFE Exam AFE Topic 2 Question 72 Discussion

Actual exam question for SOFE's AFE exam

Question #: 72
Topic #: 2

[All AFE Questions]

A change in _ or its application is appropriate if the change results in a measurement that is equally or more representative of fair value in the circumstances.

AValuation technique

BValue technique

CInvestment approach

DAccounting corrections

Show Suggested Answer

Suggested Answer: B

by Laticia at Apr 08, 2024, 06:25 PM

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Merilyn

18 hours ago

I'm not sure, but I think it could also be D) Accounting corrections if there are errors in the financial statements.

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Ty

4 days ago

Hmm, I think A is the right answer here. Changing the valuation technique to get a more representative fair value measurement makes sense.

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Wynell

4 days ago

I agree with Willard, because valuation technique is crucial for determining fair value.

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Willard

11 days ago

I think the answer is A) Valuation technique.

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