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Acams Exam Advanced-CAMS-Audit Topic 2 Question 5 Discussion

Actual exam question for Acams's Advanced-CAMS-Audit exam
Question #: 5
Topic #: 2
[All Advanced-CAMS-Audit Questions]

Which action would an auditor take to evaluate design effectiveness?

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Suggested Answer: A

by Dean at Jan 11, 2025, 09:02 AM

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Miss
2 months ago
Wait, is this a trick question? I bet the answer is 'All of the above' - gotta cover all your bases, you know?
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Lashanda
7 days ago
User 4: D) Confirm that customer records are being kept in accordance with policies and procedures.
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Lawrence
8 days ago
User 3: C) Confirm that alerts in transaction monitoring have been properly escalated or waived.
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Emerson
13 days ago
User 2: B) Carry out a sample check of suspicious activity reports and make sure they are in line with policies and procedures.
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Lorean
18 days ago
User 1: A) Check whether the policies and procedures are consistent with the authorities' regulations.
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Brice
3 months ago
Checking suspicious activity reports? Sounds like a wild goose chase to me. Let's keep it simple and look at the big picture.
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Mila
2 months ago
D) Confirm that customer records are being kept in accordance with policies and procedures.
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Quentin
2 months ago
C) Confirm that alerts in transaction monitoring have been properly escalated or waived.
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Edwin
2 months ago
A) Check whether the policies and procedures are consistent with the authorities' regulations.
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Lorean
3 months ago
I believe option C is also important, as proper escalation of alerts is key to evaluating design effectiveness.
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Vallie
3 months ago
I agree with Avery, because checking consistency with regulations is crucial for design effectiveness.
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Felicitas
3 months ago
Hmm, I'm not sure. Keeping customer records in line with policies seems pretty important too. Can't ignore that compliance aspect.
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Derick
3 months ago
Nah, I'd say confirming the escalation of transaction monitoring alerts is key. Gotta make sure those red flags are being addressed.
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Carmelina
1 months ago
B) Carry out a sample check of suspicious activity reports and make sure they are in line with policies and procedures.
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Doug
1 months ago
C) Confirm that alerts in transaction monitoring have been properly escalated or waived.
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Evette
2 months ago
A) Check whether the policies and procedures are consistent with the authorities' regulations.
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Bo
3 months ago
I think checking the consistency of policies and procedures with regulations is the way to go. That's the foundation, right?
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Sean
2 months ago
D) Confirm that customer records are being kept in accordance with policies and procedures.
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Stanton
2 months ago
C) Confirm that alerts in transaction monitoring have been properly escalated or waived.
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Gretchen
3 months ago
A) Check whether the policies and procedures are consistent with the authorities' regulations.
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Avery
3 months ago
I think the auditor would choose option A.
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