The measurement of the significance of any loss exposure depends on:

Answer(s): D

Two critical factors in determining an operational risk management strategy for a company are:

Answer(s): A

The MOST effective way to reduce the internal risk of technology as it relates to critical treasury functions is to:

implement an integrated accounts payable module as part of an automated general ledger package.
secure complex spreadsheets with formula protection and multi-level password access.
back up complex spreadsheets from PCs onto a local area network server daily.
replace complex spreadsheets with certified treasury systems.

Answer(s): D

One of the KEY risks associated with a company’s use of financial institutions is the possibility that:

frequent account management turnover at an institution will disrupt the company’s operations.
an institution’s operations will put the company in violation of the Gramm-Leach-Bliley Act.
an institution will inadvertently share the company’s confidential data with its competitors.
the institution will fail, which will have a financial impact on the company.

Answer(s): D

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