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NEW QUESTION: 1
The number of violations that will be accepted or forgiven before a violation record is produced is called which of the following?
A. Acceptance level
B. Forgiveness level
C. Logging level
D. Clipping level
Answer: D
Explanation:
Explanation/Reference:
Explanation:
The correct answer is "clipping level". This is the point at which a system decides to take some sort of action when an action repeats a preset number of times.
In order to limit the amount of audit information flagged and reported by automated violation analysis and reporting mechanisms, clipping levels can be set. Using clipping levels refers to setting allowable thresholds on a reported activity. For example, a clipping level of three can be set for reporting failed log- on attempts at a workstation. Thus, three or fewer log-on attempts by an individual at a workstation will not be reported as a violation, thus eliminating the need for reviewing normal log-on entry errors.
Incorrect Answers:
B: Acceptance level is not the correct term for the number of violations that will be accepted or forgiven before a violation record is produced.
C: Forgiveness level is not the correct term for the number of violations that will be accepted or forgiven before a violation record is produced.
D: Logging level is a term used to describe what types of events are logged. It is not the correct term for the number of violations that will be accepted or forgiven before a violation record is produced.
References:
Krutz, Ronald L. and Russell Dean Vines, The CISSP Prep Guide: Mastering the CISSP and ISSEP Exams, 2nd Edition, Wiley Publishing, Indianapolis, 2004, p. 50

NEW QUESTION: 2
An anti-money laundering specialist at a large institution is responsible for information senior management about the status of the anti-money laundering program across the organization.
Which report is the most useful?
A. The total credit exposure for non-cooperative countries and territories
B. Notification of management changes in the different major divisions
C. Results of related audits and examinations
D. Details on inquires received from law enforcement
Answer: C

NEW QUESTION: 3
Which of the following should be classified as investing cash flow?
I). purchase and sale of debt of other entities.
II). loans to other entities and collection of loans to other entities.
III). issuance and redemption of debt (bonds and notes).
IV). payments of interest on the company's debt securities.
A. none of them.
B. I only.
C. I and II.
Answer: C
Explanation:
III is a financing activity, and IV is operating activity.

NEW QUESTION: 4
What percentage of completion is used as a valuation method in results analysis ? Note: There are 3 correct answers to this question.
A. Perform a settlement.
B. None of above Perform the results analysis which transfers a percentage of completioi to revenue accounting. The valuated revenues, cost of sales, work in progress, and so on, are also calculated and posted. You can identify each line item by business transaction KABG.
C. Perform a posting run in revenue accounting. This will post actual revenue adjustment in controlling and automatically update the valuated revenues for results analysis. The adjustment for the valuated revenues is posted. You can identify each line item by business transaction KABE.
D. Perform a posting run in revenue accounting for unsettlement of an amount.
Answer: A,B,C