Acams Exam Advanced-CAMS-Audit Topic 4 Question 6 Discussion

Actual exam question for Acams's Advanced-CAMS-Audit exam

Question #: 6
Topic #: 4

During the auditing process the auditor finds that the entity never updates the customers risk assessment. Which remediation actions should the auditor suggest? (Select Two.)

ACompliance regularly updates the lists of high- and medium-risk countries to ensure updated customer risk profiles.

BAudit designates an audit manager to review customer profiles annually.

CDelete non-active customer profiles to reduce the workload of ongoing surveillance.

DManagement engages an independent third party to update all the customer risk profiles.

EThe business updates the customer risk profiles periodically in accordance with the customer risk level.
A: Regularly updating lists of high- and medium-risk countries ensures that customer risk profiles align with the most current geopolitical and economic risks.
E: Periodic updates to customer risk profiles, based on their assigned risk level, are critical for maintaining an accurate and dynamic risk assessment system.

Show Suggested Answer

Suggested Answer: A, E

by Ashton at Jan 15, 2025, 04:32 AM

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Mammie

2 months ago

A and E for sure. It's like my grandma always said, 'An up-to-date risk profile is worth two in the bush!'

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Roosevelt

2 months ago

Hmm, I'm not sure about D. Paying an independent third party to do all the work? Seems like a waste of money, the business should be able to handle that themselves.

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Stanford

7 days ago

C: Deleting non-active customer profiles can help reduce the workload of ongoing surveillance and focus resources on active customers.

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Gianna

8 days ago

B: Assigning an audit manager to review customer profiles annually can help ensure that the updates are done consistently and thoroughly.

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Trina

15 days ago

E: Periodic updates to customer risk profiles, based on their assigned risk level, are critical for maintaining an accurate and dynamic risk assessment system.

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Marvel

25 days ago

A: Regularly updating lists of high- and medium-risk countries ensures that customer risk profiles align with the most current geopolitical and economic risks.

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Isidra

2 months ago

Wait, what? I'm pretty sure your grandma never said that. But the point still stands - keep those profiles fresh!

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Emerson

1 months ago

E: Periodic updates to customer risk profiles, based on their assigned risk level, are critical for maintaining an accurate and dynamic risk assessment system.

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Fabiola

2 months ago

A: Regularly updating lists of high- and medium-risk countries ensures that customer risk profiles align with the most current geopolitical and economic risks.

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Erin

2 months ago

A and E seem like the most logical choices. Keeping those customer risk profiles up-to-date is crucial for any effective audit process.

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Sherman

2 months ago

E: Periodic updates to customer risk profiles, based on their assigned risk level, are critical for maintaining an accurate and dynamic risk assessment system.

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Aliza

2 months ago

A: Regularly updating lists of high- and medium-risk countries ensures that customer risk profiles align with the most current geopolitical and economic risks.

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