Latest CFCS Dumps Pdf | CFCS Examcollection Questions Answers & CFCS Latest Practice Questions - Cads-Group

  • Exam Number/Code : CFCS
  • Exam Name : Financial Crime Specialist
  • Questions and Answers : 260 Q&As
  • Price: $ 99.00 $ 39.00

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NEW QUESTION: 1
Which of the following factors would most likely be considered an inherent limitation to an entity's internal
control?
A. Human judgment in the decision making process.
B. The complexity of the information processing system.
C. The ineffectiveness of the board of directors.
D. The lack of management incentives to improve the control environment.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Choice "B" is correct. Human error is an inherent limitation in internal control, because even a properly
designed and operating internal control system cannot prevent errors in the use of information provided by
the system.
Choice "A" is incorrect. The complexity of the information processing system is not an inherent limitation of
internal control, because controls can be adequately designed to take such complexity into account.
Choice "C" is incorrect. An ineffective board of directors is a weakness in internal control, but it is one that
could and should be corrected. It is not an inherent limitation of internal control.
Choice "D" is incorrect. Lack of appropriate incentives to improve the control environment is a weakness in
internal control, but it is one that could and should be corrected. It is not an inherent limitation of internal
control.

NEW QUESTION: 2
Which of the following virtualization characteristics allows the use of different types of physical types or physical servers?
A. Hardware independence
B. Scalability
C. Security
D. Variable costs
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Virtualization is a conversion process that translates unique IT hardware into emulated and standardized software-based copies. Through hardware independence, virtual servers can easily be moved to another virtualization host, automatically resolving multiple hardware-software incompatibility issues. As a result, cloning and manipulating virtual IT resources is much easier than duplicating physical hardware.
References: http://whatiscloud.com/virtualization_technology/hardware_independence

NEW QUESTION: 3
Which component of VPN technology ensures that data is unaltered between the sender and recipient?
A. data integrity
B. key exchange
C. encryption
D. authentication
Answer: A

 

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Latest CFCS Dumps Pdf | CFCS Examcollection Questions Answers & CFCS Latest Practice Questions - Cads-Group


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