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NEW QUESTION: 1
What is the meaning of CCP within the Basel framework?
A. Collateralized Credit Protection
B. Collateralized Counterparty Protection
C. Central Clearing Counterparty
D. Collateralized Clearing Process
Answer: C
NEW QUESTION: 2
The reimbursement arrangement that Dr. Caroline Monroe has with the Exmoor Health Plan includes a typical withhold arrangement. One true statement about this withhold arrangement is that, for a given financial period,
A. Dr. Monroe and Exmoor are equally responsible for making up the difference if cost overruns exceed the amount of money withheld
B. Exmoor pays Dr. Monroe at the end of the period an amount over and above her usual reimbursement, and this amount is based on the performance of the plan as a whole
C. Exmoor most likely distributes to Dr. Monroe the entire amount withheld from her if her costs are below the amount budgeted for the period
D. Exmoor most likely withholds between 3% and 5% of Dr. Monroe's total reimbursement
Answer: C
NEW QUESTION: 3
In most organizations, access to the computer or the network is granted only after the user has entered a correct username and password. This process consists of 3 steps: identification, authentication and authorization. What is the purpose of the second step, authentication?
A. During the authentication step, the system gives you the rights that you need, such as being able to read the data in the system.
B. The authentication step checks the username against a list of users who have access to the system.
C. In the second step, you make your identity known, which means you are given access to the system.
D. The system determines whether access may be granted by determining whether the token used is authentic.
Answer: D
NEW QUESTION: 4
An Organization as a Whole must:
I. Provide an environment in which an Escalation Policy can be effective II. Commit itself to actual enforcement of corporate governance policies III. Provide ongoing education and training to all employees on the role of risk management and corporate governance in the organization IV. Publish an external auditor's opinion that the corporation is in compliance with the Board's publicly stated Standards of Corporate Governance
A. I, II and IV only
B. All of these are expectations of the Organization as a Whole
C. I, II and III only
D. I, III and IV only
Answer: B
CFCS FAQ
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CFCS Exam Info
In case you haven’t done it yet, we strongly advise in reviewing the below. These are important resources related to the CFCS Exam.
CFCS Exam Topics
Review the CFCS especially if you are on a recertification. Make sure you are still on the same page with what ACFCS wants from you.
CFCS Offcial Page
Review the official page for the CFCS Offcial if you haven’t done it already.
Check what resources you have available for studying.
Schedule the CFCS Exam
Check when you can schedule the exam. Most people overlook this and assume that they can take the exam anytime but it’s not case.