CLG 006 Certifying Officer Practice Exam 2025 - Free Certifying Officer Practice Questions and Study Guide

The assertion that financial discrepancies and liability might result from faulty certification is correct because faulty certification can lead to significant errors in financial reporting and management. When certifications are not accurate or reliable, it can result in misstatements in financial documents, potentially leading to audits, penalties, and legal liabilities for the organization involved. This kind of situation undermines the integrity of the financial system within the organization and can also erode trust among stakeholders, resulting in financial losses and damage to the organization's reputation.

The other outcomes, such as increased trust from stakeholders, faster processing times, and better budget management, are generally not associated with faulty certification. In fact, the opposite is often true: stakeholders may lose confidence in the organization, processes may slow down due to the need for corrections and investigations, and budget management may suffer due to inaccuracies in the financial data.