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NEW QUESTION: 1
Section A (1 Mark)
Which of the following is a risk of using credit derivatives?
A. Credit derivatives do not protect against credit risk exposure
B. Regulators may decide to lower the amount of capital needed for banks using these derivatives
C. Regulators may decide that these derivatives make the bank more stable and efficient
D. The partner in the swap or option contract may fail to perform
Answer: D
NEW QUESTION: 2
According to IIA guidance, which of the following individuals would best be considered independent for the purpose of participating in an external assessment of the quality assurance and improvement program for an internal audit activity (IAA)?
A. An employee in the parent organization who has not had any previous contact with the IAA.
B. A competent employee of an independent external organization that provides cosourcing services to the IAA.
C. An employee in an affiliated organization who has never worked directly with the IAA.
D. A former employee knowledgeable of the IAA who resigned three years earlier from the organization.
Answer: D
NEW QUESTION: 3
In the Work Order Tracking application, which two actions create a value in the related records table? (Choose two.)
A. Select Action > Create > Service Request
B. Select Action > Create Work Package
C. Select Action > Duplicate Work Order
D. Select Action > Create > Work Order
E. Select Action > Create > Communication
Answer: A,D