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

21 days 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

22 days 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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Isidra

23 days 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

8 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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Fabiola

10 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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1 months ago

I think we should suggest compliance to regularly update the lists of high- and medium-risk countries.

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