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CAMS · Question #543
CAMS Question #543: Real Exam Question with Answer & Explanation
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Question
According to Basel Committee on Banking Supervision guidelines, which of the following statements best describes the relationship between the internal audit function and compliance?
Options
- AThe internal audit methodology should include an assessment of compliance risk.
- BAn internal audit program of adequacy of the bank's compliance function should be es-tablished,
- CThe compliance function and internal audit function should be combined.
- DThe auditors should not discuss internal audit findings with compliance management to maintain
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