Advanced-CAMS-Audit 무료 덤프문제 온라인 액세스

During a sample review, the auditor notices that an alert was generated for a large deposit that was inconsistent with the customer profile. The customer has had no other incidents in the past 10 years and has provided documents to confirm the deposit as a property sale. What should the auditor do?

• A.Document the conclusion within the audit work papers.
• B.Carry out further investigation of this alert.
• C.Increase the sample size.
• D.Consult with the compliance officer.

A financial institution is auditing its correspondent banking relationships and their respective sanctions compliance programs. Which condition will merit a higher sample size assuming the correspondent banks have a moderate level of risk mitigation?

• A.A well-known customer base m a localized environment
• B.A stable customer base in an international environment
• C.A customer base changing due to a merger in the domestic market
• D.A fluctuating customer base in an international environment

When reviewing changes to the organizational structure of an AML department, which factor should an auditor assess?

• A.Changes in board members
• B.Interaction with internal audit
• C.Business reporting lines
• D.Staffing levels on the AML team

Why is it crucial for the audit plan to consider the effectiveness of the AML risk assessment controls and risk mitigants?

• A.Improper identification and assessment of risk creates deficiencies resulting in an overall weakened AML compliance program.
• B.There is a regulatory requirement for the audit to update the AML risk assessments on a continuous or specified periodic basis.
• C.Audits need to approve the implementation of the controls and review testing outcomes.
• D.Strict CDD rules promote high ethical and professional standards in the financial industry.

in addition to this investigation report, what Information should the auditor expect to find in the investigative file? (Select Two.)

• A.Adverse news search results against the customers and its controlling persons.
• B.Policies and procedures relating to AML investigations and suspicious activity report filing.
• C.Historical transaction data of the customer s account.
• D.Board approval for the suspicious activity report filing by the compliance department.
• E.Independent review by the compliance officer's line manager.