Blog - ASEDUCATIVA

Ian Lewis Ian Lewis

0 Curso Matriculado • 0 Curso Realizado

Biografía

Advanced-CAMS-Audit Valid Dumps Questions & Detail Advanced-CAMS-Audit Explanation

ACAMS Advanced-CAMS-Audit exam materials of Braindumpsqa is devoloped in accordance with the latest syllabus. At the same time, we also constantly upgrade our training materials. So our exam training materials is simulated with the practical exam. So that the pass rate of Braindumpsqa is very high. It is an undeniable fact. Through this we can know that Braindumpsqa ACAMS Advanced-CAMS-Audit Exam Training materials can brought help to the candidates. And our price is absolutely reasonable and suitable for each of the candidates who participating in the IT certification exams.

ACAMS Advanced-CAMS-Audit Exam Syllabus Topics:

Topic
Details

Topic 1

Reporting, Recommendations, and Follow-Up: This section of the exam measures the skills of audit managers and covers the communication of audit findings to stakeholders. It includes developing clear recommendations for improvement based on evaluation results and ensuring follow-up on those recommendations.

Topic 2

Fieldwork and Evaluation: This section of the exam measures the skills of target professionals to demonstrate audit procedures during fieldwork. It involves collecting evidence, testing controls, and evaluating findings to ensure accuracy and reliability.

Topic 3

Corporate Governance and the Audit Function: This section of the exam measures the skills of auditing professionals and covers the principles and frameworks that guide effective governance in organizations. It emphasizes understanding the roles and responsibilities of the board of directors, management, and auditors. A key skill assessed is the ability to evaluate governance structures and their impact on organizational performance.

Topic 4

Planning and Scoping: This section of the exam measures the skills of audit managers and covers the processes involved in planning an audit engagement. It includes defining the scope, objectives, and resources required for an effective audit. A critical skill evaluated here is the ability to identify risks and develop a comprehensive audit plan that addresses those risks while ensuring compliance with relevant standards.

>> Advanced-CAMS-Audit Valid Dumps Questions <<

Detail Advanced-CAMS-Audit Explanation & Advanced-CAMS-Audit Exams Collection

The test material sorts out the speculations and genuine factors in any case in the event that you truly need a specific limit, you want to deal with the applications or live undertakings for better execution in the Advanced CAMS-Audit Certification Exam (Advanced-CAMS-Audit) exam. You will get unprecedented information about the subject and work on it impeccably for the ACAMS Advanced-CAMS-Audit dumps.

ACAMS Advanced CAMS-Audit Certification Exam Sample Questions (Q88-Q93):

NEW QUESTION # 88
What is the role of the internal audit in the governance process?

A. Perform quality assurance testing of transaction monitoring.
B. Monitor the risks of noncompliance with applicable laws and regulations.
C. Periodically evaluate the effectiveness of processes and controls.
D. Execute the corrective action plan.

Answer: C

Explanation:
Role of Internal Audit:
* Internal audit is tasked with evaluating and improving the effectiveness of governance, risk management, and control processes within the organization.
* Periodic evaluations ensure that AML/CFT processes remain robust and effective against emerging risks.
Alignment with CAMS-Audit Guidance:
* Advanced CAMS-Audit training highlights the need for internal audit to focus on process effectiveness rather than operational responsibilities, such as quality assurance or corrective actions.

NEW QUESTION # 89
An auditor is asked to select a judgmental sample from a population of 1 000 clients onboarded during the previous 12 months. Which step should the auditor take first?

A. Initially sample 10% of new clients onboarded.
B. Evaluate quality assurance processes tor onboarding new clients.
C. Request a list of high-risk clients onboarded from management.
D. Review the CDD onboarding policies and procedures to determine the criteria for selection.

Answer: D

Explanation:
First Steps for Sampling:
* Reviewing onboarding policies ensures the sampling aligns with established risk criteria, improving the relevance and accuracy of the audit findings.
Regulatory Emphasis:
* FATF guidance stresses aligning audit sampling with organizational risk assessments and onboarding standards.

NEW QUESTION # 90
A financial institution's (FI) risk assessment identified a lack of specific policies and procedures for existing privately-owned automated teller machine (ATM) customers.What would an auditorreview to assess whether this risk has been addressed?

A. Draft policies and procedures for the FI's privately-owned ATM customers.
B. Prepare to audit a sample of the FI's privately-owned ATM customers.
C. Request data on the volume and value of transactions through the privately-owned ATM customers.
D. Review the current risk assessment to determine the existence of privately-owned ATM customers.

Answer: D

Explanation:
Reviewing the Risk Assessment:
* A risk assessment reveals whether privately-owned ATMs are identified and properly evaluated in terms of potential AML risks.
Auditor's Task:
* Confirm that specific policies and procedures are now in place to address identified risks from the previous assessment.
Relevance to CAMS-Audit Standards:
* Risk assessments are fundamental in identifying gaps in policies and procedures for high-risk areas like privately-owned ATMs.

NEW QUESTION # 91
Which is a true statement about the computer-assisted audit tool (CAAT)?

A. CAAT cannot be customized to scrutinize huge volumes of data and produce specific procedures thatcould replace the requirement for the auditor's own procedures.
B. KYC data that have been incorporated into the warehouse could still be changed if need be from using CAAT.
C. Both CAAT and traditional methods of auditing allow auditors to build conclusions based upon a limited sample of a population.
D. Auditors using CAAT could have all customer addresses from the past 10 years while auditors using traditional methods of auditing could only have a sample of these customer addresses.

Answer: D

Explanation:
Capabilities of CAAT:
* CAAT provides comprehensive data access, allowing auditors to review all customer data over extended periods, unlike traditional methods that rely on sampling.
Irrelevant Options:
* A:Limited samples are more typical of traditional methods.
* B:Data incorporated in the warehouse should not be changeable as it would undermine audit integrity.
* D:CAAT can be customized for specific audit needs.

NEW QUESTION # 92
Review of client files reveals that staff members have been performing negative media searches for clients only when they recognize the client name. When an interesting story is identified a print of the results is inserted in the client file. There are no clear procedures on adverse media screening. Which should the auditor recommend? {Select Two.)

A. Procedures should be enhanced to require that all clients are subject to regular negative media screening.
B. Identification of relevant reports via adverse media searches must be escalated for an assessment for materiality.
C. All staff members should be provided with additional training to ensure they adhere to standard procedures.
D. Privacy regulation requires that clients who have a print copy of the adverse media m their files should be notified.
E. Evidence of negative media screening retained in client files must comprise negative reports only.

Answer: A,C

Explanation:
Adverse Media Screening Requirements:
* Negative media screening is a critical part of customer due diligence (CDD) as highlighted in FATF Recommendation 10. Proper training ensures staff apply consistent procedures.
* Regular screening of all clients ensures ongoing monitoring of risks, aligning with the risk-based approach mandated by AML standards.
Key Compliance Justification:
* Staff training and procedural updates mitigate the risk of inconsistent adverse media identification, a key finding in compliance audits.

NEW QUESTION # 93
......

Maybe you want to keep our Advanced-CAMS-Audit exam guide available on your phone. Don't worry, as long as you have a browser on your device, our App version of our Advanced-CAMS-Audit study materials will perfectly meet your need. That is to say that we can apply our App version on all kinds of eletronic devices, such as IPAD, computer and so on. And this version of our Advanced-CAMS-Audit Practice Engine can support a lot of systems, such as Windows, Mac,Android and so on.

Detail Advanced-CAMS-Audit Explanation: https://www.braindumpsqa.com/Advanced-CAMS-Audit_braindumps.html