8020 試験問題を無料オンラインアクセス

What are the roles of business versus risk management in developing and implementing risk assessments?

• A.Business management's role in the risk assessment process should be confined to oversight.
• B.The business owns the risk assessment process, while risk management develops the framework, helps facilitate the process, and provides supervision and oversight.
• C.Business owns the risk assessment process so risk management does not play a role in the process.
• D.Risk management, in its role as second line of defense, performs the risk assessment process from beginning to end. There is no business line involvement.

For the TSB case what was the cause of the outage at the heart of the case?

• A.A failed attempts to move customers to a new IT system left millions of people locked out of their accounts for weeks.
• B.Sub-standard risk pricing and risk management left millions of people locked out of their accounts for weeks.
• C.Their IT models did not work if prices were discontinuous.
• D.A liquidity squeeze by a major hedge-fund via margin calls on trading positions resulted in the collapse of their website.

When a single operational risk event leads to losses in multiple business lines or impacts across several event types, how should these linked losses be treated?

• A.Allocate entire loss to the business line for which the loss is greatest.
• B.Each business line should take it's own discretion as to how the losses are treated.
• C.Pro-rate the loss across the affected business line.
• D.Either allocate entire loss to the business line for which the loss is greatest or pro-rate the loss across the affected business line.

In operational resilience, what is impact tolerance?

• A.Impact tolerance is a firm's tolerance for disruption to a particular business service.
• B.Impact tolerance is a firm's risk appetite statement.
• C.Impact tolerance is a firm's tolerance for disruption to a particular business process.
• D.Impact tolerance is a firm's risk capacity statement.

Confidence Accounting can be defined as:

• A.An approach that encourages companies and audit firms to use regular statements in their Al software.
• B.An approach that encourages companies and audit firms to stop using figures and maths.
• C.An approach that encourages companies and audit firms to have diverse boards.
• D.An approach that encourages companies and audit firms to use ranges, rather than discrete numbers, for major accounting entries.