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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Quentin

2 days ago

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

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