ACAMS Advanced-CAMS-Audit Practice Test - Questions Answers, Page 9

As an auditor reviewing this investigation report, which indicates an effective process?

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

When assessing the KYC process which should an auditor observe from the customer risk assessment? (Select Two)

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.)

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.)

When assessing the effectiveness of a transaction monitoring system, which indicators require active monitoring by the auditor or compliance'? (Select Two.)

A recent regulatory examination identified serious deficiencies in the AML program. Which action should the organization take first?

An auditor is writing the scope for an AML review of a financial institution. The objective is to evaluate how effectively existing controls are designed and operating. Which areas should be assessed? (Select Two.)

An organization creates a document for its audit committee listing the outstanding audit findings. The list has an executive management owner assigned to each finding, due dates for reporting management's responses and space for management to identity the actions to be taken. Which is a primary purpose of this document?