Free Acams Advanced-CAMS-Audit Exam Actual Questions

The questions for Advanced-CAMS-Audit were last updated On Apr 21, 2025

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Question No. 1

An auditor is writing the scope for an AML review of a financial institution. The objective is to evaluate how effectively existing controls are designed and operating. Which areas should be assessed? (Select Two.)

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Correct Answer: D, E

Question No. 2

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. 3

An audit determines that an important control is not being performed. The operational manager responds to the audit comment stating that they do not have adequate resources in the department to accomplish this task. The audit item discussion between the auditor and the operational manager is a(n):

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Correct Answer: D

Question No. 4

When reviewing changes to the organizational structure of an AML department, which factor should an auditor assess?

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Correct Answer: B

Question No. 5

When assessing the KYC process which should an auditor observe from the customer risk assessment? (Select Two)

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Correct Answer: C, D