C. volumes involved are small.
D. the supplier sends an invoice -
✔✔
The key parties involved in a disaster recovery plan are generally classified as internal resources or
external counterparties. When evaluating the risks of both parties, which of the following can be
assumed?
A. The review of internal resources takes greater importance.
B. The infrastructure linking the parties' systems must be considered.
C. The disaster recovery sites of both parties must be in the same location.
D. The systems used by both parties must be compatible. -
✔✔
B
Under Section 404 of the Sarbanes-Oxley Act, management must state its responsibility for which of the
following?
A. Knowledge of the penalties for noncompliance
B. Selection of auditors who are knowledgeable about Sarbanes-Oxley requirements
C. Establishment and maintenance of adequate internal controls for financial reporting
D. Accuracy and completeness of financial statements -
✔✔
C
When projecting the closing cash position, a cash manager must estimate which of the following?
A. ACH credits
B. lockbox receipts
C. checks in the process of clearing
D. clearings on non-controlled disbursement accounts -
✔✔
D
In an organization with personnel limitations, which of the following strategies should be considered to
mitigate cash management system risk?
