AFP Certified Treasury Professional CTP Question # 474 Topic 25 Discussion

AFP Certified Treasury Professional CTP Question # 474 Topic 25 Discussion

CTP Exam Topic 25 Question 474 Discussion:
Question #: 474
Topic #: 25

The Treasurer of PJB Company is in charge of implementing new treasury management software. Without issuing any RFPs, the Treasurer hires a consulting company to install the software and program it to suit the company’s needs. The Treasurer is responsible for approving the consultant’s invoices for payment. Through conversation, the CFO discovered that the Treasurer’s relative is one of the partners at the consulting company. The Treasurer was immediately terminated. What did the Treasurer MOST LIKELY violate?


A.

The corporate code of conduct


B.

Sarbanes-Oxley controls


C.

The Uniform Commercial Code


D.

Treasury operations procedures


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