Free SOFA-CFE Exam Braindumps
Certified Financial iner Questions 176–180 (page: 37)

Updated On: 10-Feb-2026

In GAAP, pension and postretirement benefit obligation calculation includes vested participants and active participants not currently eligible.

  1. True
  2. False

Answer(s): A



In SAP, Surplus notes are reported as:

  1. expense
  2. Liability
  3. insolvency
  4. surplus

Answer(s): D



Federal and state taxes, Relationships with external auditors, Treasury and investment functions are all responsibilities of:

  1. Chief Security Officer
  2. Chief Financial Officer
  3. Senior Management
  4. Chief Executive Officer

Answer(s): B



A system of ______________, in the broad sense, includes controls, which may be characterized as either accounting or administrative.

  1. External controls
  2. Financial controls
  3. Internal controls
  4. Investor controls

Answer(s): C



What include, but are not limited to the plan of organization and the procedures and records that are concerned with the decision processes leading to management's authorization of transactions?

  1. Administrative controls
  2. Globalization
  3. Accurate transactions
  4. Control environment

Answer(s): A



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