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Exam Code: CRISC
Exam Name: Certified in Risk and Information Systems Control
Vendor: ISACA

60 Questions & Answers
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NEW QUESTION: 1
프로젝트가 진행되는 동안 프로젝트 관리자에게는 프로젝트의 혜택이 프로젝트 스폰서 및 이해 관계자가 기대하는 혜택과 크게 다를 것이라는 것이 분명해집니다. 상황을 관리하기 위해 프로젝트 관리자는 어떻게 해야 합니까?
A. 예상 혜택을 달성하기 위해 프로젝트 관리 계획을 변경하십시오.
B. 후원자와 이해 관계자로부터 새로운 혜택이 허용된다는 합의를 구하십시오.
C. 스폰서와 이해 관계자의 기대를 수정하기 위해 프로젝트 헌장의 혜택 수정
D. 다음 단계를 결정하기 위해 계획 중에 사용 된 이익 가정의 재확인
Answer: B

NEW QUESTION: 2
You are consulting with a customer who is implementing Microsoft Dynamics 365 for Finance and Operations for the first time.
This customer has income sources in foreign countries and, therefore, will need to perform currency revaluation.
To complete currency setup, which three tasks should be completed before designating main accounts that will be used during the currency revaluation process? Each correct answer presents part of the solution.
A. Determine denomination currencies.
B. Perform ledger accounting currency conversion.
C. Specify exchange rate types.
D. Determine which currencies will be transacted.
E. Define exchange rates between currency pairs.
Answer: A,C,E

NEW QUESTION: 3
Which of the following statements is true?
A. Under times of liquidity stress, both prepayments of loans extended and expected withdrawals from on-demand deposits will decrease
B. For an issuer of life insurance policies, longevity risk can lead to reserves falling short of payments due
C. Deterioration in the balance sheets of key counterparties is a concern for a liquidity manager even though it may not immediately affect a firm
D. Only the drawn portions of credit facilities extended to clients by a bank count towards its liquidity exposure
Answer: C
Explanation:
Explanation
Deterioration in the balance sheets of key counterparties is a concern for a liquidity manager even though it may not immediately affect a firm, and this is true because counterparty failures may lead to liquidity shortfalls for an institution for no fault of its own. It is important for a liquidity risk manager to watch the health of key counterparties where exposure is concentrated and take timely steps to reduce it should the health deteriorate.
Under times of liquidity stress, prepayments of loans extended will decline while withdrawals of demand deposits are likely to increase. Both will not decrease, and therefore Choice 'b' is incorrect.
A bank is exposed to the undrawn portions of a line of credit extended to a borrower as the borrower, with superior information on its own finances, is likely to draw upon undrawn lines of credit thereby increasing the bank's exposure. Therefore Choice 'a' is incorrect. Generally, a portion of the undrawn part is counted towards a liquidity outflow.
Longevity risk is the risk facing sellers of annuities that their clients will outlive their assumptions on their length of life, while mortality risk is the downside risk for an insurer that clients will die sooner than expected causing the reserves to fall short of what is needed. Therefore Choice 'd' is not correct as the opposite is true.


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