Practice CTFA Exam Online

Question 1

Which of the following programs propagate the ethics?

A : London Instruments Fiscal Attachment

B : Laurel Immigration Fairness Analysis

C : Low Income Financial Association

D : Licensed International Financial Analyst

Answer: D

Question 2

With which standard, the auditor’s substantive procedures must include reconciling the financial statements to the accounting records and should include examining material adjustments made during the course of preparing the financial statements.

A : Integrated Audit Financial Statement

B : Public Company Accounting Oversight Board

C : Audit of Financial Reporting over Internal Control

D : National Association of Insurance Commission

Answer: B

Question 3

On which of the following financial statements would you expect to find assets, liabilities, and stockholder’s equity?

A : Balance sheet

B : Income statement

C : Statement of cash flows

D : Statement of changes in equity

Answer: A

Question 4

Stocks of established companies are called:

A : Growth stocks

B : Blue chip stocks

C : Cyclic stocks

D : Income Stocks

Answer: B

Question 5

____________ is the term used for the monthly report of all the accumulated charges.

A : Savings account

B : Balance

C : Purchase breakdown

D : Billing statement

Answer: D

Name:	Certified Trust and Fiduciary Advisor (CTFA)
Exam Code:	CTFA
Certification:	Certified Trust and Financial Advisor
Vendor:	American Bankers Association
Total Questions:	900
Last Updated:	Aug 03, 2026

American Bankers Association CTFA Answers