[ 2009 FRM Sample Exam ] Operational and Integrated risk management Q19 following, different, multitude, accounting, management

Abey

 

19. Which of the following internal controls does NOT effectively reduce operational risk?

A. Separation of trading from accounting and data entry

B. Automated reminders of payments required and contract expirations

C. A multitude of users can modify trade tickets so that errors may be quickly corrected

D. Reconciling results from different systems to ensure data integrity

Abey

 

Correct answer is Cfficeffice" />

Proper practice limits the amount of people who can change trade tickets and what information can be changed once a ticket is written.  Double checking work, separating duties, and automatic reminders all help lower operational risk.

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