AFP Practice Exam 2025 – Complete Prep Guide

The statement that there is no standard structure for control levels is accurate. In treasury operations, the structure of controls can vary significantly from one organization to another based on factors such as the size of the company, the complexity of its operations, regulatory environment, and the specific risks it faces. This diversity means that while one organization may have a highly structured approach to controls, another might use a more flexible or informal structure, tailored to its unique circumstances.

This variability highlights the importance of organizations assessing their individual needs and risks to develop an appropriate control framework rather than adhering to a one-size-fits-all model. Effective treasury operations require a thoughtful design of controls that fit the context and specific requirements of the organization, fostering an environment that balances risk management with operational efficiency.