Free American Bankers Association CTFA Exam Questions

In _________________, an adjustment is based on experience of an individual risk during the term of the policy and is generally subject to maximum and minimum premium limits specified in the policy.

Which of the following is NOT the date that is the key to classify the chronology of the data? 

Protective covenants are: 

Not all misstatements will be material enough to affect the fair presentation of the financial statement. A material misstatement is one that the auditors determine would change or influence the option of a reasonable person relying on the financial statements for nformation. Ultimately, auditors must exercise judgment to assess materiality based on the qualitative nature of the misstatements and their quantitative extent. Materiality is also based on auditors’ assessment of control risk levels in the organization. The following factors may influence the auditors’ assessment of control risk EXCEPT:

Which of the following necessary in order to reduce the huge number of possible investments to a smaller number that can investigate carefully?