IIC C11 Q&A - in .pdf

  • C11 pdf
  • Exam Code: C11
  • Exam Name: Principles and Practice of Insurance
  • PDF Version: V19.35
  • Q & A: 365 Questions and Answers
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  • Exam Code: C11
  • Exam Name: Principles and Practice of Insurance
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  • Q & A: 365 Questions and Answers
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IIC C11 Q&A - Testing Engine

  • C11 Testing Engine
  • Exam Code: C11
  • Exam Name: Principles and Practice of Insurance
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  • Q & A: 365 Questions and Answers
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NEW QUESTION: 1
For each of the given items, select the appropriate authentication category from the dropdown choices.
Instructions: When you have completed the simulation, please select the Done button to submit.

Answer:
Explanation:

Explanation:
Something you are includes fingerprints, retina scans, or voice recognition.
Something you have includes smart cards, token devices, or keys.
Something you know includes a password, codes, PINs, combinations, or secret phrases. Somewhere you are including a physical location s or logical addresses, such as domain name, an IP address, or a MAC address.
Something you do includes your typing rhythm, a secret handshake, or a private knock http://en.wikipedia.org/wiki/Password_authentication_protocol#Working_cycle http://en.wikipedia.org/wiki/Smart_card#Security

NEW QUESTION: 2
You are running a predictive forecast. What could the data lines represent in the preview? Note: There are 2 correct Answers to this question.

A. Line 2 is forecast data
B. Line 2 is input data
C. Line 1 is forecast data
D. Line 1 is input data
Answer: C,D

NEW QUESTION: 3
In obtaining an understanding of an entity's internal control in a financial statement audit, an auditor is not
obligated to:
A. Determine whether the control activities have been implemented.
B. Document the understanding of the entity's internal control components.
C. Search for significant deficiencies in the operation of internal control.
D. Perform procedures to understand the design of internal control.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Choice "D" is correct. When obtaining an understanding of an entity's internal control in a financial
statement audit, an auditor is not obligated to search for significant deficiencies in the operation of internal
control.
Choice "A" is incorrect. In order to determine the nature, timing and extent of tests to be performed, an
auditor must determine whether the control activities have been implemented.
Choice "B" is incorrect. An auditor is required to perform procedures to confirm his/her understanding of
the internal control systems' design, and to determine whether relevant controls have been implemented.
Choice "C" is incorrect. An auditor is required to document his or her understanding of the entity's internal
control components, even if he or she intends to use a substantive approach.

NEW QUESTION: 4
Once the child reaches the vesting age, i.e. the age when the life assurance commences, he or she can claim cash option i.e. he can opt to receive the premium amount paid so far under the policy in case the policy is discontinued. This is possible under:
A. Childrens Whole Life assurance
B. Childrens deferred assurance
C. Childrens forward assurance
D. Childrens term-life assurance
Answer: B

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