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Exam Code: CCAK
Exam Name: Certificate of Cloud Auditing Knowledge
Vendor: ISACA

60 Questions & Answers
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NEW QUESTION: 1
You have deployed a WLAN solution in an enterprise.
To ease fault detection and management, which two configuration recommendations do you need to know? (Choose two.)
A. details about NTP Servers
B. details of WOS platform to notify critical alarms
C. details about Wireless Authentication Protocols
D. details of System Hostnames
Answer: C,D

NEW QUESTION: 2
Zugewiesene Risikobewertungen basieren auf:
A. Risikowahrscheinlichkeits- und Folgenabschätzung.
B. Expertenurteil.
C. Ursachenanalyse.
D. Überarbeitete Toleranzen der Stakeholder.
Answer: A

NEW QUESTION: 3
You have just recently deployed an application on EC2 instances behind an ELB. After a couple of weeks, customers are complaining on receiving errors from the application. You want to diagnose the errors and are trying to get errors from the ELB access logs. But the ELB access logs are empty. What is the reason for this.
A. You do not have your CloudWatch metrics correctly configured
B. You do not have the appropriate permissions to access the logs
C. Access logging is an optional feature of Elastic Load Balancing that is disabled by default
D. ELB Access logs are only available for a maximum of one week.
Answer: C
Explanation:
Clastic Load Balancing provides access logs that capture detailed information about requests sent to your load balancer. Cach log contains information such as the time the request was received, the client's IP address, latencies, request paths, and server responses. You can use these access logs to analyze traffic patterns and to troubleshoot issues.
Access logging is an optional feature of Elastic Load Balancing that is disabled by default. After you enable access logging for your load balancer. Clastic Load Balancing captures the logs and stores them in the Amazon S3 bucket that you specify. You can disable access logging at any time.
For more information on CLB access logs, please refer to the below document link: from AWS
http://docs.aws.amazon.com/elasticloadbalancing/latest/classic/access-log-collection. html

NEW QUESTION: 4
Tom Vadney, CFA, is president and CEO of Vadney Research and Advisors (VRA), a large equity research firm that specializes in providing international investment and advisory services to global portfolio managers. He has a staff of five junior analysts and three senior analysts covering industries and firms across the Americas, Europe, and Asia-Pacific regions.
In a recent meeting with an institutional portfolio manager, Vadney is asked to review the differences between U.S. GAAP and International Financial Reporting Standards (IFRS) as well as provide a comprehensive industry analysis for the telecommunications sector in Europe and the Asia-Pacific region.
Vadney asks Maria Mnoyan, a senior analyst covering the sector, to research the requested information for the client meeting.
Prior to the meeting, Vadney and Mnoyan meet to prepare for the client presentation. They first discuss differences between U.S. GAAP and IFRS. Mnoyan states that although there will be increasing convergence between the two accounting standards, one major difference currently is that IFRS permits either the "partial goodwill" or "full goodwill" method to value the goodwill and the noncontrolling interest under the acquisition method. U.S. GAAP requires the full goodwill method. Vadney adds that U.S. GAAP requires equity method accounting for joint ventures, while under IFRS, proportionate consolidation is preferred, but the equity method is permitted.
Vadney then asks Mnoyan to share her findings on the telecommunications sector. Mnoyan first presents an overview of the competitive forces that characterize the sector in the two regions. In particular, she notes that the sector in both regions is characterized by high switching costs. Vadney asks how high switching costs would affect the bargaining power of buyers and suppliers.
Mnoyan firmly believes that investing in companies located in developing countries provides strong growth potential through technological change and increases in capital, labor, and savings that contribute to higher dividend levels, even if the dividend growth rate is unaffected.
In her research report Mnoyan identifies several countries and industries with attractive investment potential. She notices that the telecommunications sector in one of the countries is characterized by a duopoly. The $50 billion telecom industry in another country in her analysis is dominated by h\e firms with market shares of $10 billion each.
Finally, Vadney and Mnoyan discuss investment opportunities in specific firms. Mnoyan values firms using both the discounted cash flow model and the franchise value method. She makes the following statements on the franchise value method:
Statement 1: A higher asset turnover ratio increases the franchise P/E ratio, one of the components of the intrinsic P/E value.
Statement 2: When firms pay out profits as dividends at a higher rate, a firm's intrinsic P/E value decreases.
Mnoyan's description of the growth potential of developing countries is best described through the:
A. endogenous growth theory.
B. multifactor model theory.
C. neoclassical growth theory.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
The neoclassical growth theory relates technological change to increases in real GDP, savings, and capital, which in turn lead to increased investment and higher dividends. Note, however, that higher dividend levels do not imply an increase in the long-run growth in dividends, and higher savings do not affect a country's long-run economic growth rate.
The endogenous growth theory holds that technological advances lead to sustainable economic growth.
These advances allow developed countries to realize both higher dividend levels and long-term dividend growth rates through increased savings.
Multifactor models are used in assessing asset returns and risk exposures through multiple factors such as industry and country. Factor sensitivities are estimated through multiple linear regression. Note that there is no theory called "multifactor model theory." (Study Session 11, LOS 36.a)


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