AFP
CTP · Question #812
(Topic 9) The Treasurer of a publicly-traded U.S. company discovers several large payments which were made from the company's disbursement account without proper approval. These unauthorized…
The correct answer is C. The Public Company Accounting Oversight Board. See the full explanation below for the reasoning.
Question
- (Topic 9)
The Treasurer of a publicly-traded U.S. company discovers several large payments which were made from the company’s disbursement account without proper approval. These unauthorized payments represent an exposure to penalties imposed by which regulator?
Options
- AThe Office of the Comptroller of the Currency
- BThe Office of Foreign Assets Control
- CThe Public Company Accounting Oversight Board
- DThe Financial Industry Regulatory Authority
How the community answered
(30 responses)- A3% (1)
- B7% (2)
- C83% (25)
- D7% (2)
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