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ACAMS Advanced-CAMS-Audit Practice Test 2

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Question 1 / 40

Audits are designed to provide assurance that what key aspect of risk management framework is adequately designed and functioning effectively?

Procedures

Procedures

Controls

Controls

Reporting

Reporting

Risks

Risks

Comment (0)
Suggested answer: B
Explanation:

Audits are primarily designed to evaluate the adequacy and effectiveness of controls within a risk management framework. This includes assessing whether the controls are properly designed and functioning to mitigate identified risks effectively. CAMS-Audit guidance highlights the critical role of controls in ensuring compliance with AML/CFT regulations and managing operational risks.

asked 06/01/2025
Nick Daniel
41 questions