ACAMS Advanced CAMS-Audit Certification Exam Advanced-CAMS-Audit Question # 46 Topic 3 Discussion

ACAMS Advanced CAMS-Audit Certification Exam Advanced-CAMS-Audit Question # 46 Topic 3 Discussion

Advanced-CAMS-Audit Exam Topic 3 Question 46 Discussion:
Question #: 46
Topic #: 3

When testing the operational effectiveness of an institution's customer risk rating model an auditor finds that the risk rating is not in accordance with the model specification in some cases.After interviewing developers andofficers,the auditor learns the specification document is inaccurate and has not been updated in a timely manner.Which are appropriate corrective action plans'? (Select Two.)


A.

Alert the person incharge of releasing the model that me release must comply with the specifications.


B.

Check periodically if released rules are operating as per the specifications.


C.

Set up a checkpoint before release to make sure that the release is in accordance with the specifications.


D.

Tram KYC personnel to recognize errors in the customer risk rating model.


E.

Report this matter to the board of directors.


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