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  • Exam Code: IIA-CRMA-ADV
  • Exam Name: Certification in Risk Management Assurance
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  • Exam Code: IIA-CRMA-ADV
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NEW QUESTION: 1
You are creating a SQL Server 2008 Integration Services (SSIS) instance which utilizes a default connection manager to link to a component for Company.com.
In order to provide authentication for your report, you develop an XML configuration file.
You increase the file to an XML configuration file. But you get error message that you could not login when you running the package.
You should make sure that you should run the package normally.
Which is the correct answer?
A. You should utilize direct XML settings.
B. You should change the XML configuration file.
C. You should utilize a Microsoft ADO.NET connection manager.
D. On the same server, you should execute the package as the component.
Answer: B

NEW QUESTION: 2
Which of the following statements are correct:
I. A training set is a set of data used to create a model, while a control set is a set of data is used to prove that the model actually works II. Cleansing, aggregating or ensuring data integrity is a task for the IT department, and is not a risk manager's responsibility III. Lack of information on the quality of underlying securities and assets was a major cause of the collapse in the CDO markets during the credit crisis that started in 2007 IV. The problem of lack of historical data can be addressed reasonably satisfactorily by using analytical approaches
A. II and IV
B. I and III
C. All of the above
D. I, III and IV
Answer: B
Explanation:
Explanation
Statement I is correct. Data is often divided into two sets - a 'training set' that is used to create and fine-tune the model while the 'control set' is used to prove that the model works on sample data. Back testing is then perfomed using actual data that becomes available over time, or may already be available as historical data.
Statement II is incorrect. A risk manager often spends a great deal of time in managing data, and ensuring that the data being used is accurate enough for the purpose it is being used for. A risk manager can expect to spend a good part of his or her team's time in cleansing data. While he or she can try to get the IT processes and systems to produce correct data in the first place so it requires minimal subsequent cleansing or validation, this task is likely to remain a key part of a risk manager's role for quite some time in the future given the challenges nearly all organizations face in managing risk data.
Statement III is correct. There was not enough granular data available on the underlying components of some of the derivative debt securities whose markets dried up during the crisis that began in 2007. This was because investors became increasingly unsure of what the value of these securities, such as CDOs was, leading to market seizure and firesale prices.
Statement IV is not correct. There is no easy solution to the lack of enough historical data, which is used to create as well as test models, and construct stress scenarios. Analytical approaches are not a good enough substitute for real market data. During the recent crisis, many instruments had rather short histories and there was not enough data available, and risk managers and portfolio managers relied upon analytical approaches to value and price them. Many of the assumptions that underpinned these approaches were untested in the real world and turned out to be incorrect.
Therefore Choice 'c' is the correct answer and the rest are incorrect.

NEW QUESTION: 3
Which configured is applied to prevent the network from a Layer 2 flooding of multicast frames with a seamless transfer of multicast data to the client when roaming from one controller to another?
A. Enable IGMP snooping on the WLC
B. Enable multicast mode on the WLC
C. Enable IGMPv3 on the central Layer 3 switch.
D. Create multicast groups on the central Layer 3 switch.
Answer: A
Explanation:
https://www.cisco.com/c/en/us/td/docs/wireless/controller/7-4/configuration/guides/consolidated/b_cg74_CONSOLIDATED/b_cg74_CONSOLIDATED_chapter_01011.html

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