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NEW QUESTION: 1
A government has instituted a new anti-money laundering laws which require all financial institutions to obtain certain information from its customers.
Which step should an institution located in this jurisdiction take to ensure compliance?
A. Send a notice to customers asking them to provide the necessary information
B. Change systems to ensure the required information is automatically obtained from all customers
C. Change procedures to require that the necessary information is obtained
D. Change procedures and systems as necessary and provide employee training
Answer: A

NEW QUESTION: 2
Which of the following is the key benefit of control self-assessment (CSA)?
A. Improved fraud detection since internal business staff are engaged in testing controls
B. Management ownership of the internal controls supporting business objectives is reinforced.
C. Audit expenses are reduced when the assessment results are an input to external audit work.
D. Internal auditors can shift to a consultative approach by using the results of the assessment.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The objective of control self-assessment is to have business management become more aware of the importance of internal control and their responsibility in terms of corporate governance.
Reducing audit expenses is not a key benefit of control self-assessment (CSA). improved fraud detection is important, but not as important as ownership, and is not a principal objective of CSA. CSA may give more insights to internal auditors, allowing them to take a more consultative role; however, this is an additional benefit, not the key benefit.

NEW QUESTION: 3
HOTSPOT
Point and click on the area of the graphic that identifies the area that the Microsoft System center uses to communicate with HPE OneView.

Answer:
Explanation: