Review a compact CIRO Chief Financial Officer (CFO) cheat sheet for capital adequacy, RAC, early warning, custody, segregation, inventory pricing, client assets, books and records, and prudential-control traps before Finance Prep practice.
Use this CFO cheat sheet before a prudential-control set. The strongest answer usually protects capital, books and records, custody, asset segregation, valuation support, and reporting integrity before it optimizes business convenience.
| Item | CFO cue |
|---|---|
| Regulator | CIRO |
| Exam | Chief Financial Officer Exam |
| Format | 90 multiple-choice questions in 180 minutes |
| Main practice behavior | prudential finance, capital, reporting, custody, operations, and control judgment |
| Finance Prep status | live practice available |
| Area | What to know | Common trap |
|---|---|---|
| Capital and reporting | capital adequacy, RAC, early warning, books, records, financial reporting | waiting for month-end when a capital issue is already visible |
| Client and dealer assets | custody, segregation, reconciliations, control locations, asset protection | treating a break as back-office cleanup only |
| Inventory and pricing | dealer inventory, underwriting, concentration, independent valuation, stale marks | accepting desk marks because they improve financial results |
| Credit and accounts | margin, client-account exposure, credit controls, collateral, concentration | treating credit risk as a sales or operations issue only |
| Governance and controls | internal controls, risk management, UDP awareness, escalation, evidence | approving a new activity before readiness and controls are documented |
After each CFO set, classify the miss as capital, custody, reporting, valuation, credit, operations, or governance. If the right answer was not the fastest operational fix, write the prudential consequence that made it stronger.