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  • Exam Number/Code : Advanced-CAMS-Audit
  • Exam Name : Advanced CAMS-Audit Certification Exam
  • Questions and Answers : 260 Q&As
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NEW QUESTION: 1
S. White and Associates is an investment adviser registered in the state of Kentucky and, as such, is
meeting Kentucky's minimum net capital requirement for investment advisers. The firm recently registered
with the state of Virginia and has opened an office there. Virginia has a significantly higher net capital
requirement for its investment advisers. Which of the following statements is true?
A. According to the Investment Advisers Act of 1940, S. White needs only to meet the net capital
requirement of Kentucky.
B. According to the Uniform Securities Act, S. White will have to meet Virginia's higher requirement.
C. According to the Investment Advisers Act of 1940, S. White will have to maintain a minimum net capital
equal to the average of the net capital requirements of the two states.
D. According to the Securities Exchange Act of 1934, S. White needs to meet at least the minimum net
capital requirement specified by that Act since it is now operating in multiple states.
Answer: A
Explanation:
Since S. White is already registered in the state of Kentucky and meeting the net capital
requirement of that state, the Investment Advisers Act of 1940 stipulates that Virginia cannot require a
higher minimum net capital. The Act states that if an investment adviser is registered in one state and is
meeting its net capital requirement, a second state cannot impose a higher net capital requirement on the
investment adviser.

NEW QUESTION: 2
An organization experienced a data breach and followed its incident response plan. Later it was discovered that the plan was incomplete, omitting a requirement to report the incident to the relevant authorities. In addition to establishing an updated incident response plan, which of the following would be MOST helpful in preventing a similar occurrence?
A. Ongoing evaluation of the incident response plan.
B. Management approval of the incident reporting process
C. Assignment of responsibility for communications.
D. Attached reporting forms as an addendum to the incident response plan
Answer: C

NEW QUESTION: 3
When would you use the DQA?
A. On records that are output from the Association transformation
B. On records that could not be matched in a matching mapping
C. On suspect/exception records that fall out of a profile, standardization or matching process in IDQ
D. On records that are output from the Consolidation transformation
Answer: D

NEW QUESTION: 4
A web application has a web page that contains an HTML5 CANVAS element. A web extracts messages from the CANVAS element. You need to ensure that the web worker can read the message sent by the web page.
Which three object types can you use?
A. JavaScript
B. DOM
C. parent
D. string
E. Window
F. JSON
Answer: A,D,F
Explanation:
Explanation
References: https://www.html5rocks.com/en/tutorials/workers/basics/

 

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