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Acams Advanced-CAMS-Audit Exam Questions

Exam Name: Advanced CAMS-Audit Certification Exam
Exam Code: Advanced-CAMS-Audit
Related Certification(s): Acams Audit Certification
Certification Provider: Acams
Number of Advanced-CAMS-Audit practice questions in our database: 90 (updated: Jan. 14, 2025)
Expected Advanced-CAMS-Audit Exam Topics, as suggested by Acams :
  • Topic 1: 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 2: 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.
  • Topic 3: 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 4: 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.
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Jennifer

6 days ago
The exam had a focus on audit planning and scoping. Know how to determine audit objectives and develop an effective audit plan. Thanks to Pass4Success for the comprehensive prep materials!
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Arletta

8 days ago
CAMS-Audit certified! Pass4Success made it possible with their relevant practice questions. Grateful for the efficient study material.
upvoted 0 times
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Mirta

9 days ago
I am thrilled to share that I passed the Acams Advanced CAMS-Audit Certification Exam! The Pass4Success practice questions were a great help. There was a tricky question about 'transaction monitoring systems' and their role in identifying suspicious activities. It required understanding the key components that make these systems effective, and I was a bit unsure about the specifics.
upvoted 0 times
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Christa

20 days ago
Encountered several questions on regulatory requirements for AML audits. Brush up on global standards and local regulations. Pass4Success practice tests were a lifesaver!
upvoted 0 times
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Santos

1 months ago
Just passed the CAMS-Audit exam! The questions on risk assessment methodologies were challenging. Make sure to study different approaches to identifying and evaluating AML risks.
upvoted 0 times
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Jess

1 months ago
Wow, what a journey it has been! I just passed the Acams Advanced CAMS-Audit Certification Exam, and I couldn't have done it without the practice questions from Pass4Success. One question that really stumped me was about the 'risk-based approach' in auditing. It asked how to prioritize audit resources effectively when dealing with multiple high-risk areas. I wasn't entirely sure of the best strategy, but thankfully, I still managed to pass.
upvoted 0 times
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Jutta

1 months ago
Just passed the CAMS-Audit exam! Pass4Success's questions were spot-on. Thanks for the quick prep!
upvoted 0 times
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Free Acams Advanced-CAMS-Audit Exam Actual Questions

Note: Premium Questions for Advanced-CAMS-Audit were last updated On Jan. 14, 2025 (see below)

Question #1

During the ongoing due diligence process the company becomes aware that the customer is holding personal assets for a politically exposed person (PEP). What should the auditor recommend to enhance the control environment for this customer relationship? (Select Three.)

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Correct Answer: C, D, E

Question #2

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.)

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Correct Answer: A, E

Question #3

Which action would an auditor take to evaluate design effectiveness?

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Correct Answer: A

Question #4

A retail banking small and medium-sized enterprise (SME) customer launches a charity and requests a Corporate-SME account to receive donations and make disbursements. Which scenarios would most likely identify activity related to a charity account? (Select Two.)

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Correct Answer: A, E

Question #5

Which scenarios should be used to monitor for potential elder abuse? (Select Two.)

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Correct Answer: D, E

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