Welcome to ExamTopics
ExamTopics Logo
- Expert Verified, Online, Free.
Mail Us[email protected]
Menu

Unlimited Access

Get Unlimited Contributor Access to the all ExamTopics Exams!
Take advantage of PDF Files for 1000+ Exams along with community discussions and pass IT Certification Exams Easily.
Aba Discussions

Exam CRCM topic 1 question 298 discussion

Actual exam question from ABA's CRCM
Question #: 298
Topic #: 1
[All CRCM Questions]

Which of the following actions is acceptable under the financial reporting regulations?

  • A. Attaching a narrative explanation by management of the reasons for a cease and desist order as a part of the annual disclosure
  • B. Attaching a copy of the bank's last safety and soundness examination to the annual disclosure
  • C. Including a statement that indicates that the bank's regulatory agency has reviewed the financial information
  • D. Using an unaudited financial statement for the past two years as an annual disclosure statement
Show Suggested Answer Hide Answer
Suggested Answer: A 🗳️
by Cam22 at March 17, 2024, 1:14 p.m.

Comments

Chosen Answer:
This is a voting comment (?) , you can switch to a simple comment.
Switch to a voting comment New
Submit Cancel
Cam22
2 months ago
Selected Answer: C
Under financial reporting regulations, it is acceptable for a bank to include a statement indicating that its regulatory agency has reviewed the financial information. This statement provides assurance to stakeholders that the financial information has undergone regulatory scrutiny.
upvoted 1 times
...

Get IT Certification

Unlock free, top-quality video courses on ExamTopics with a simple registration. Elevate your learning journey with our expertly curated content. Register now to access a diverse range of educational resources designed for your success. Start learning today with ExamTopics!

Start Learning for free
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.

SaveCancel