P3 Exam Dumps : Risk Management

Establishing an Internal Audit department.

Purchase invoices are now approved for payment at branches and a list of approved invoices are sent to head office for payment. The invoices, supporting documentation and suppliers' statements are retained at the branches.

Excess funds are now invested, by the Finance Director, in short-term securities. The Finance Director initiates buy and sell transactions and she also receives and retains all correspondence relating to the investments.

A policy has been initiated to complete a physical inventory of all non-current assets at least annually. This is then reconciled with the non-current asset register.

N has just opened a bank account in the currency in which the newly opened branch is now operating.

Restricting the autonomy of individual Branch Managers to purely routine matters and instructing them to refer everything else to Head Office.

Dealing with all Human Resource, recruitment, and similar issues directly from Head Office.

Arranging visits by senior management to each branch periodically.

Instituting the use of a formalised budgetary control system at head office for all branches.

Establishing an open communication policy for employees at branches to allow them to contact Head Office on any matter that concerns them.

Customers first input a password and then receive an access code via email or text message that also has to be input

Customers first input a password and then use a card or token to gain access

Customers must input a valid user name and then input a password user name first input a password and then a pin number

Customer passwords must contain both letters and numbers and must be changed regularly.