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  • Exam Code: CIFC
  • Exam Name: Canadian Investment Funds Course Exam
  • Version: V17.95
  • Q & A: 400 Questions and Answers
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  • Exam Code: CIFC
  • Exam Name: Canadian Investment Funds Course Exam
  • Version: V17.95
  • Q & A: 400 Questions and Answers
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  • Exam Code: CIFC
  • Exam Name: Canadian Investment Funds Course Exam
  • Version: V17.95
  • Q & A: 400 Questions and Answers
  • Software Price: $51.98
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NEW QUESTION: 1
Audit trail or audit log is a chronological sequence of audit records, each of which contains evidence directly pertaining to and resulting from the execution of a business process or system function. Under which of the following controls does audit control come?
A. Reactive controls
B. Preventive controls
C. Protective controls
D. Detective controls
Answer: D
Explanation:
Audit trail or audit log comes under detective controls. Detective controls are the audit controls that are not needed to be restricted. Any control that performs a monitoring activity can likely be defined as a Detective Control. For example, it is possible that mistakes, either intentional or unintentional, can be made. Therefore, an additional Protective control is that these companies must have their financial results audited by an independent Certified Public Accountant. The role of this accountant is to act as an auditor. In fact, any auditor acts as a Detective control. If the organization in question has not properly followed the rules, a diligent auditor should be able to detect the deficiency which indicates that some control somewhere has failed. Answer A is incorrect. Reactive or corrective controls typically work in response to a detective control, responding in such a way as to alert or otherwise correct an unacceptable condition. Using the example of account rules, either the internal Audit Committee or the SEC itself, based on the report generated by the external auditor, will take some corrective action. In this way, they are acting as a Corrective or Reactive control. Answer C and D are incorrect. Protective or preventative controls serve to proactively define and possibly enforce acceptable behaviors. As an example, a set of common accounting rules are defined and must be followed by any publicly traded company. Each quarter, any particular company must publicly state its current financial standing and accounting as reflected by an application of these rules. These accounting rules and the SEC requirements serve as protective or preventative controls.

NEW QUESTION: 2
Which of the following Cloudformation helper scripts can help install packages on EC2 resources
A. cfn-signal
B. cfn-init
C. cfn-get-metadata
D. cfn-hup
Answer: B
Explanation:
Explanation
The AWS Documentation mentions
Currently, AWS CloudFormation provides the following helpers:
cf n-init: Used to retrieve and interpret the resource metadata, installing packages, creating files and starting services.
cf n-signal: A simple wrapper to signal an AWS CloudFormation CreationPolicy or WaitCondition, enabling you to synchronize other resources in the stack with the application being ready.
cf n-get-metadata: A wrapper script making it easy to retrieve either all metadata defined for a resource or path to a specific key or subtree of the resource metadata.
cf
n-hup: A daemon to check for updates to metadata and execute custom hooks when the changes are detected.
For more information on helper scripts, please visit the below URL: http://docs.aws.amazon.com/AWSCIoudFormation/latest/UserGuide/cfn-helper-scripts-reference.htmI

NEW QUESTION: 3

A. Option B
B. Option C
C. Option A
D. Option D
Answer: B,C

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