ACI
3I0-013 · Question #282
Which of the following statements would be regarded as describing best practice?
The correct answer is C. Internal confirmations should be subject to the same procedures as those in place for external. See the full explanation below for the reasoning.
Question
Which of the following statements would be regarded as describing best practice?
Options
- AInternal transactions should not be confirmed as there is no credit risk involved
- BChasers on internal confirmations should be sent less frequently than those for external
- CInternal confirmations should be subject to the same procedures as those in place for external
- DControl procedures should be relaxed generally for internal confirmations
How the community answered
(46 responses)- A11% (5)
- B4% (2)
- C83% (38)
- D2% (1)
Community Discussion
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