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Exam Code: GLO_CWM_LVL_1

Exam Name: Chartered Wealth Manager (CWM) Global Examination

Certification Provider: AAFM

Related Certification: Chartered Wealth Manager (CWM) Global Examination

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NEW QUESTION: 1
In-house personnel performing IS audits should posses which of the following knowledge and/or skills (choose 2):
A. information systems knowledge commensurate outside of the scope of the IT environment in question
B. sufficient knowledge on secure platform development
C. information systems knowledge commensurate with the scope of the IT environment in question
D. sufficient knowledge on secure system coding
E. sufficient analytical skills to determine root cause of deficiencies in question
Answer: C,E
Explanation:
Personnel performing IT audits should have information systems knowledge commensurate with the scope of the institution's IT environment. They should also possess sufficient analytical skills to determine the root cause of deficiencies.

NEW QUESTION: 2
Which three statements are accurate when entering the GL Distribution account coding on an invoice with taxes?
A. The system automatically updates the Track Taxes field to 1 if the account Is set up as taxable and at least one pay item on the invoice has taxes.
B. The Track Taxes field cannot be edited unless the Processing Option - Allow Tax Tracking Is flagged on.
C. If the account is not set up as taxable and you enter a 1 in the Track Taxes field, the system automatically changes the value to 0.
D. If you do not want to track taxes for the account, change the value in the Track Taxes field to 0.
E. The system updates the F0016R tax table with tax information for the account if the Track Taxes field is populated.
Answer: A,C,D
Explanation:
Reference:
https://docs.oracle.com/cd/E16582_01/doc.91/e15153/taxinfo_on_order_transactns.htm#EOATP00198


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