IFSE Institute LLQP Q&A - in .pdf

  • LLQP pdf
  • Exam Code: LLQP
  • Exam Name: Life License Qualification Program (LLQP)
  • PDF Version: V19.35
  • Q & A: 365 Questions and Answers
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NEW QUESTION: 1
The legal department has sent a memo about a possible lawsuit and the need to save all existing and future documentation that is stored in the Content Platform Engine pertaining to a specific customer for the next 5 years.
What action does the administrator need to take?
A. Create a Marking set
B. Create a security update job
C. Create a retention update job
D. Create a retention update policy
Answer: D

NEW QUESTION: 2
You need to configure the Permutation Feature Importance module for the model training requirements.
What should you do? To answer, select the appropriate options in the dialog box in the answer area.
NOTE: Each correct selection is worth one point.

Answer:
Explanation:

Explanation:
Box 1: 500
For Random seed, type a value to use as seed for randomization. If you specify 0 (the default), a number is generated based on the system clock.
A seed value is optional, but you should provide a value if you want reproducibility across runs of the same experiment.
Here we must replicate the findings.
Box 2: Mean Absolute Error
Scenario: Given a trained model and a test dataset, you must compute the Permutation Feature Importance scores of feature variables. You need to set up the Permutation Feature Importance module to select the correct metric to investigate the model's accuracy and replicate the findings.
Regression. Choose one of the following: Precision, Recall, Mean Absolute Error , Root Mean Squared Error, Relative Absolute Error, Relative Squared Error, Coefficient of Determination References:
https://docs.microsoft.com/en-us/azure/machine-learning/studio-module-reference/permutation-feature-importance

NEW QUESTION: 3
This question will represent a statement, question, excerpt, or comment taken from various parts of an
auditor's documentation file. Letter choices A-P represent a list of the likely sources of the statement,
question, excerpt, or comment. Select, as the best answer for each item, the most likely source. Select
only one source for each item. Blank checks are maintained in an unlocked cabinet along with the check-
signing machine. Blank checks and the check-signing machine should be locked in separate locations to
prevent the embezzlement of funds.
A. Auditor's communications on significant deficiencies in internal control.
B. Predecessor auditor's communication with successor auditor.
C. Practitioner's report on management's assertion about an entity's compliance with specified
requirements.
D. Auditor's communication to those charged with governance (other than with respect to significant
deficiencies in internal control).
E. Report on the application of accounting principles.
F. Audit inquiry letter to legal counsel.
G. Explanatory paragraph of an auditor's report on financial statements.
H. Request for bank cutoff statement.
I. Lawyer's response to audit inquiry letter.
J. Communication from those charged with governance to the auditor.
K. Accounts receivable confirmation request
L. Successor auditor's communication with predecessor auditor.
M. Management representation letter.
N. Letter for underwriters.
O. Auditor's engagement letter.
P. Partner's engagement review notes.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Choice "B" is correct. Failure to lock blank checks and the check-signing machine in separate locations is
a significant deficiency in the design or operation of internal control that could adversely affect the fairness
of the financial statements.

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