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Exam Code: Advanced-CAMS-Audit
Exam Name: Advanced CAMS-Audit Certification Exam
Vendor: ACAMS

60 Questions & Answers
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A company runs and application that uses multiple Amazon EC2 instances to gather data from its users. The data is then processed and transferred to Amazon S3 for long-term storage. A review of the application shows that there were long periods of time when the EC2 instances were not being used. A solution architect needs to design a solution that optimizes utilization and reduces costs.
Which solution meets these requirements?
A. Create an Amazon CloudWatch cros job to automatically stop the EC2 instance when there is no activity.
B. Use Amazon EC2 in an Auto Scaling group with On-Demand instances.
C. Build the application to use Amazon Lightsail with On-Demand instances.
D. Redesign the application to use an event-driven design with Amazon Simple Queue Service (Amazon SQS) and AWS Lambda.
Answer: D

NEW QUESTION: 2
When an entity uses a trust company as custodian of its marketable securities, the possibility of concealing
fraud most likely would be reduced if the:
A. Trust company places the securities in a bank safe-deposit vault under the custodian's exclusive
control.
B. Securities are registered in the name of the trust company, rather than the entity itself.
C. Trust company has no direct contact with the entity employees responsible for maintaining investment
accounting records.
D. Interest and dividend checks are mailed directly to an entity employee who is authorized to sell
securities.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Choice "A" is correct. When an entity uses a trust company as custodian of its marketable securities, the
possibility of concealing fraud would be reduced if the trust company deals only with the person reconciling
the accounts, and not with the employees responsible for maintaining investment records.
Choice "B" is incorrect. The securities should be in the entity's name, and not the trust company's.
Choice "C" is incorrect. If interest and dividend checks are mailed directly (custody of the asset) to the
employee authorized to sell the securities (authorization), incompatible duties would result which may
result in fraud being concealed.
Choice "D" is incorrect. Limiting access to the assets would reduce the possibility of theft, but would not
reduce the possibility of concealing fraud.

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C. 1 (Custom Assessments), 2(Calibrated Assessments), 3(Ready-To-Use Assessments)
D. 1 (Competency Assessments), 2(Personality Assessments), 3(Character assessments)
Answer: A


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