Acams Advanced-CAMS-Audit Exam - Topic 2 Question 23 Discussion

Actual exam question for Acams's Advanced-CAMS-Audit exam

Question #: 23
Topic #: 2

An auditor should verify that an institution has ensured its AML systems and controls include:

Asupporting documents of its risk management policies and risk profile in relation to money laundering.

Bmeasures to ensure that money laundering risk is taken into account in its monthly operations.

Cdaily reports by the institution's money laundering reporting officer on the operation and effectiveness of those systems and controls.

Dtraining for senior management and the governing body only.
Core Components of AML Systems and Controls:
Supporting documentation ensures alignment with regulatory expectations and helps auditors verify that the institution's policies and controls reflect its assessed risks.
Other Options:
B: Monthly operations are operational concerns, not control documentation.
C: Daily reports are excessive for governance purposes.
D: Training must include all staff, not only senior management.

Show Suggested Answer

Suggested Answer: A

by Mammie at Oct 18, 2025, 01:52 PM

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Marci

21 days ago

A covers the bases. Without it, we can't verify anything.

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Lawanda

26 days ago

D is a no-go. Everyone needs training, not just management.

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Eura

1 month ago

C seems excessive. Daily reports? Really?

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Flo

1 month ago

B is important too, but not as much as A.

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Shalon

1 month ago

Wait, are we really saying daily reports are necessary? Sounds excessive!

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Dierdre

2 months ago

D) is wrong, everyone needs training, not just management.

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Stefan

2 months ago

C) seems a bit over the top, daily reports?

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Ceola

2 months ago

Totally agree, B) is a must too!

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Shaquana

2 months ago

Haha, daily reports? What is this, a money laundering hotline? A is the clear winner here.

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Delisa

2 months ago

A all the way! Can't have an effective AML program without the proper documentation to back it up.

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Hana

2 months ago

D? Really? Training only for the big shots? That's like putting a bandaid on a broken leg. Definitely A.

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Zachary

3 months ago

I agree, A is the way to go. Gotta have that paper trail to back up the AML controls.

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Dewitt

3 months ago

A makes the most sense. Auditors need to see the risk management policies and risk profile to evaluate the AML systems.

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Destiny

3 months ago

A is the correct answer. Verifying the supporting documentation is crucial to ensure the AML systems and controls align with the institution's risk profile.

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Kristofer

3 months ago

I think A is crucial. We need solid documentation.

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Denise

3 months ago

A) is crucial for compliance.

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Gearldine

4 months ago

Agreed, A shows compliance with regulations.

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Reid

4 months ago

This is a tricky one. There are a lot of moving parts when it comes to AML compliance. While Option A seems like the safest bet, I'm a little concerned that the other options might be trying to trip me up. Maybe I'll make a quick list of the key AML control components to help me double-check my answer.

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Willetta

4 months ago

Okay, I've read through this a few times now, and I think the best approach is to focus on the regulatory expectations for AML systems and controls. Option A seems to be the only one that directly addresses the need for supporting documentation to verify the institution's risk management policies and profile. The other options don't seem as relevant for an auditor's verification.

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Aja

4 months ago

Hmm, I'm a bit unsure about this one. The question is asking about what an auditor should verify, but the options seem to be a mix of policy, operations, and training requirements. I'll need to carefully review the details to make sure I understand what the auditor is specifically responsible for verifying.

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Lelia

4 months ago

I think this question is pretty straightforward. The key is to focus on the core components of AML systems and controls, which the question stem outlines. Option A seems like the clear choice here.

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Nana

2 days ago

I agree, Option A really highlights the importance of supporting documents.

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Lucina

5 months ago

I definitely remember that training should involve all staff, not just senior management, so I think option D is definitely incorrect.

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Jacob

5 months ago

I feel like daily reports from the money laundering reporting officer are a bit excessive, but I can't recall if that was a key point in our review sessions.

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Verda

5 months ago

I think option B sounds familiar from our practice questions, but I’m not convinced it’s the right choice since it seems more about operations than controls.

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Vallie

5 months ago

I remember we discussed the importance of supporting documents in our AML training, but I'm not entirely sure if they specifically relate to risk management policies.

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