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  • Vendor : Oracle
  • Certifications : Oracle Financials Cloud
  • Exam Name : Oracle Financials Cloud: General Ledger 2023 Implementation Professional
  • Exam Code : 1z0-1054-23
  • Total Questions : 376 Q&As
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What is VCE Simulator?
VCE Exam Simulator is a test engine designed specifically for certification exam preparation. It allows you to create, edit, and take practice tests in an environment very similar to an actual exam.
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    C. RSA
    D. SHA
    Answer: B
    Explanation:
    Explanation
    Non-repudiation is the ability to prove that the file uploaded and the file downloaded are identical.
    Non-repudiation is an essential part of any secure file transfer solution End-to-end file non-repudiation is the ability to prove who uploaded a specific file, who downloaded it, and that the file uploaded and the file downloaded are identical. It is a security best practice and required by Federal Information Security Management Act (FISMA), Gramm-Leach-Bliley Act (GLBA), Health Insurance Portability and Accounta-bility Act (HIPAA), Sarbanes-Oxley Act (SOX), and others.
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    * Provides a capability that is required for Guaranteed Delivery
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    Bentley's suggestions are as follows:
    1. Any communication between the departments of Federal Securities must be channeled through the compliance department for review and eventual delivery. The firm must create and maintain watch, restricted, and rumor lists to be used in the review of employee trading.
    2. All beneficial ownership, whether direct or indirect, of recommended securities must be disclosed in writing.
    3. The firm must increase the level of review or restriction of proprietary trading activities during periods in which the firm has knowledge of information that is both material and nonpublic.
    Bentley has identified two of Green's analysts, neither of whom have non-compete contracts, who are preparing to leave Federal Securities and go into competition. The first employee, James Ybarra, CFA, has agreed to take a position with one of Federal's direct competitors. Ybarra has contacted existing Federal clients using a client list he created with public records. None of the contacted clients have agreed to move their accounts as Ybarra has requested. The second employee, Martha Cliff, CFA, has registered the name Cliff Investment Consulting (CIC), which she plans to use for her independent consulting business.
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    Bentley is contemplating his response to Green.
    According to Standard 11(A) Material Nonpublic Information, when Green contacted Volk, he:
    A. violated of CFA Institute Standards unless the contact was disclosed to his clients.
    B. violated CFA Institute Standards.
    C. did not violate CFA Institute Standards since he was conducting a legitimate research activity.
    Answer: C
    Explanation:
    Explanation/Reference:
    Explanation:
    There is no evidence co suggest that the contact was inappropriate. Green is crying co gauge investor sentiment relative to technology stocks. While a fire wall within the firm would be advisable, since no company-specific information was exchanged, the contact was relatively harmless. Also, there is no violation of Standard 11(A) Material Nonpublic Information because there was no inside information discussed. (Study Session 1, LOS 2.a)


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