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IIA Exam IIA-CFSA Topic 4 Question 63 Discussion

Actual exam question for IIA's IIA-CFSA exam
Question #: 63
Topic #: 4
[All IIA-CFSA Questions]

Adequate procedures and controls associated with swap transactions should exist to help minimize the risks inherent in transaction process. Example/s of these controls may include:

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Suggested Answer: D

by Nelida at Sep 17, 2024, 07:48 PM

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Laurel
4 months ago
Option D for the win! Can't leave any stone unturned when it comes to managing risks in the swap market.
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Jade
4 months ago
Haha, I bet the traders wish all their software was 'temper resistant' so they could take a swing at it on a bad day!
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Twana
4 months ago
I agree with D. Swap transactions involve a lot of risk, so having a comprehensive set of controls is essential.
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Leonora
3 months ago
User 4: Definitely, having all of these controls in place can help minimize risks in swap transactions.
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Kenneth
3 months ago
User 3: Daily reconciliation of traders' positions is also crucial.
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Sonia
3 months ago
User 2: I agree, that's an important control to have in place.
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Suzan
3 months ago
User 1: I think all transactions should be authorized and affirmed.
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Rosina
4 months ago
Definitely D. Proper controls like daily position reconciliation, independent sign-off on hedging models, and authorization of all transactions are crucial.
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Francisca
4 months ago
It's important to have a comprehensive set of procedures and controls to ensure the integrity of swap transactions.
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Virgilio
4 months ago
I agree, having all of these controls in place can help minimize risks associated with swap transactions.
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Oliva
4 months ago
Definitely D. Proper controls like daily position reconciliation, independent sign-off on hedging models, and authorization of all transactions are crucial.
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Vicente
5 months ago
I think option D is the correct answer. All of the controls mentioned are important to minimize the risks in swap transactions.
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Wilda
4 months ago
User 4: Option D is the best choice, all of these controls are essential for managing risks in swap transactions.
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Oretha
4 months ago
All transactions should be authorized and affirmed to ensure proper controls.
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Nana
4 months ago
Definitely, independent sign-off procedures for hedging models are necessary to minimize market risk.
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Doyle
4 months ago
I agree, having daily reconciliation of traders' positions is crucial.
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Paulene
5 months ago
I also believe that having all these controls in place is necessary to ensure the safety and integrity of swap transactions.
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Timmy
5 months ago
I agree with Venita, having daily reconciliation, independent sign-off procedures, and authorization of transactions are crucial for risk management.
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Venita
5 months ago
I think the answer is D, all of these controls are important for minimizing risks in swap transactions.
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