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NEW QUESTION: 1
A local law enforcement officer notifies the bank compliance officer that he is working on an insurance fraud scheme that appears to be running transactions using the account of a bank employee. The law enforcement officer refers to a kiting suspicious transaction report filed by the compliance officer and requests further information.
What action should the compliance officer take?
A. Allow access to the bank's documents immediately
B. Provide the information to the law enforcement in response to a formal written request
C. Inform the board of directors
D. Call the employee and demand an explanation
Answer: B

NEW QUESTION: 2
What is the MAIN risk when there is no user management representation on the Information Security Steering Committee?
A. Functional requirements are not adequately considered.
B. Budgets allocated to business units are not appropriate.
C. Information security plans are not aligned with business requirements
D. User training programs may be inadequate.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The steering committee controls the execution of the information security strategy, according to the needs of the organization, and decides on the project prioritization and the execution plan. User management is an important group that should be represented to ensure that the information security plans are aligned with the business needs. Functional requirements and user training programs are considered to be part of the projects but are not the main risks. The steering committee does not approve budgets for business units.

NEW QUESTION: 3
A company uses standard absorption costing. Budgeted and actual data for the latest period are as follows.

What was the production overhead absorption rate per unit?
A. S27
B. $21
C. S29
D. S35
Answer: A