Discuss Acams Advanced-CAMS-Audit Exam Topic 2 Question 34

An organization creates a document for its audit committee listing the outstanding audit findings. The list has an executive management owner assigned to each finding, due dates for reporting management's responses and space for management to identity the actions to be taken. Which is a primary purpose of this document?

AProviding audit documentation of management responses

BTracking completion of proposed recommendations

CDocumenting audit team validation testing

DTesting resiliency of proposed recommendations
Purpose of the Document:
This document is a management tool to ensure accountability and monitor the progress of resolving outstanding audit findings.
Audit Committee's Role:
The document facilitates oversight by the audit committee, ensuring timely and effective resolution of recommendations.
CAMS-Audit Recommendations:
Proper tracking mechanisms are emphasized to align audit processes with institutional and regulatory expectations.

Suggested Answer: B

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25 comments · newest first

Art 2 days ago

Right! B aligns with the document's purpose perfectly.

Lorean 7 days ago

D doesn’t fit either. We need to monitor actions, not just test them.

Darrin 12 days ago

C seems less relevant. Validation testing is a different focus.

Twila 17 days ago

I lean towards B too. It shows progress on findings.

Quentin 23 days ago

But without tracking, how do we ensure actions are taken? B is definitely key.

Loren 28 days ago

I feel A is also important. Providing audit documentation is crucial.

Georgiana 1 month ago

Agreed! It helps keep everyone accountable.

Gilma 1 month ago

I think the main purpose is B. Tracking completion of proposed recommendations.

Willodean 1 month ago

Exactly! It's all about ensuring timely resolutions.

Kenny 2 months ago

D seems off too. It's not about testing resiliency.

Ma 2 months ago

Right! This document is about management's actions, not just testing.

Emelda 2 months ago

I feel like C is less relevant here. Validation testing is a different focus.

Roxanne 2 months ago

True, but without tracking, nothing gets done. B is definitely key.

Fausto 2 months ago

A could also be valid. Providing audit documentation is important too.

Cecil 2 months ago

Agreed! It keeps everyone accountable.

Willodean 3 months ago

I think the main purpose is B. Tracking completion of proposed recommendations.

Alishia 3 months ago

Isn't this just a fancy way to document responses?

Lon 3 months ago

Definitely a management tool for accountability!

Serina 3 months ago

Wait, can this really ensure timely resolutions?

Laura 3 months ago

I think it's more about tracking completion of recommendations.

Veta 4 months ago

Sounds like a solid way to keep everyone accountable!

Anisha 4 months ago

I definitely recall that the document is meant to ensure oversight, which makes me think it’s more about tracking than just documenting responses.

Brianne 4 months ago

I’m a bit confused; could it also be about providing audit documentation? That seems relevant too, but I lean towards B.

Omega 4 months ago

I remember a similar question where we discussed the importance of accountability in audit findings. It feels like B is the right choice here.

Alexis 4 months ago

I think the primary purpose is about tracking completion of proposed recommendations, but I'm not entirely sure.

Acams Advanced-CAMS-Audit Exam - Topic 2 Question 34 Discussion