Free SOFA-CFE Exam Braindumps
Certified Financial iner Questions 186–190 (page: 39)

Updated On: 10-Feb-2026

Financial reporting is the most critical component of the full and fair disclosures that ensure the effective functioning of the capital and credit markets in the United States, it is reported by:

  1. Operational commission
  2. Audit Committee
  3. Corporate sector
  4. Treadway Commission

Answer(s): D



The internal audit function typically focuses on:

  1. operating and financial controls
  2. efficiency and productivity issues
  3. internal operating information
  4. All of the above

Answer(s): D



Who are principally responsible for communicating to the Audit Committee the scope of their annual audit of the financial statements, the extent of their involvement with interim reports?

  1. external auditors
  2. Internal auditors
  3. team workers
  4. stakeholders

Answer(s): A



What focused on the corporate responsibility for the appropriateness of the financial statements and related disclosures for public companies?

  1. Audit Insurance Act
  2. Company Corporate Act
  3. Sarbanes-Oxley Act
  4. Financial Reporting ct

Answer(s): C



Control Environment, Risk Assessment, Control Activities, Information and Communication and Monitoring are all components of:

  1. State Insurance Statutes
  2. Committee of Sponsoring Organization
  3. Trade Organizations/Associations
  4. Accounting Firms and Business Partners

Answer(s): B



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