Free SOFE SOFA-CFE Exam Actual Questions

The questions for SOFA-CFE were last updated On Mar 26, 2025

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Question No. 1

Insurance companies sometimes issue instruments that have the characteristics of both debt and equity; these instruments are commonly referred to as:

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Correct Answer: D

Question No. 2

On which premiums, the insurer generally pays the regular commission to the agent following collection of the premium.

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Correct Answer: D

Question No. 3

Judgments about the risk of material misstatement due to fraud have an overall effect on how the audit is concluded in what ways?

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Correct Answer: D

Question No. 4

Responsibilities for safeguarding the company's assets, safeguarding critical transaction processing areas and procedures, internal control guidelines and policies are all most significant tasks performed as part of

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Correct Answer: C

Question No. 5

Financial examinations are conducted at least once every five years by:

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Correct Answer: B