Free Acams Advanced-CAMS-Audit Exam Actual Questions

The questions for Advanced-CAMS-Audit were last updated On Mar 24, 2025

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Question No. 1

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 and officers, 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.)

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Correct Answer: B, C

Question No. 2

Which action would an auditor take to evaluate design effectiveness?

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Correct Answer: A

Question No. 3

During the auditing process the auditor finds that the entity never updates the customers risk assessment. Which remediation actions should the auditor suggest? (Select Two.)

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Correct Answer: A, E

Question No. 4

During the ongoing due diligence process the company becomes aware that the customer is holding personal assets for a politically exposed person (PEP). What should the auditor recommend to enhance the control environment for this customer relationship? (Select Three.)

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Correct Answer: C, D, E

Question No. 5

An auditor plans to examine a sample targeting newly onboarded, high net-worth clients to assess adherence to their onboarding policies. What sampling methods should the auditor use? (Select Three.)

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Correct Answer: A, B, F