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NEW QUESTION: 1
The two categories of the policy of separation of duty are:
A. Dual control and functional separation
B. Span of control and functional separation
C. Inference control and functional separation
D. Dual control and aggregation control
Answer: A
Explanation:
Dual control requires that two or more subjects act together simultaneously to authorize an operation. A common example is the requirement that two individuals turn their keys simultaneously in two physically separated areas to arm a weapon. Functional separation implies a sequential approval process such as requiring the approval of a manager to send a check generated by a subordinate.
*Answer "Span of control and functional separation" is incorrect. Span of control refers to the number of subordinates that can be optimally managed by a superior.
*Answer "Inference control and functional separation" is incorrect. Inference control is implementing protections that prevent the inference of information not authorized to a user from information that is authorized to be accessed by a user.
*Answer "Dual control and aggregation control" is incorrect, but aggregation refers to the acquisition of large numbers of data items to obtain information that would not be available by analyzing a small number of the data items.

NEW QUESTION: 2

A. No
B. Yes
Answer: A

NEW QUESTION: 3
Open position and exchange risk management by currency belongs to which treasury system module?
A. the derivatives dealing and processing module
B. standard back office features
C. the securities trading and processing module
D. the FX spot and forward dealing input and processing module
Answer: D