Key Control Procedures for Derivative Financial Instruments Include All but Which

question 28

Multiple Choice

Key control procedures for derivative financial instruments include all but which of the following?

• A)Derivatives activities are monitored by independent control staff.
• B)Accurate transmittals of derivatives positions are made to the risk measurement systems.
• C)Reconciliations are performed to ensure data integrity across a full range of derivatives.
• D)Access to derivatives is limited to the CEO,CFO,or Board chair.

---

Definitions:

Post-Decisional Justification

The cognitive process of justifying one's choices after a decision has been made, often to reduce dissonance.

Discarded Alternatives

Options or solutions that are considered and then rejected during a decision-making process.

Selected Alternative

The option that has been chosen after the consideration of various possibilities in a decision-making process.

Emotions Affect

The influence that feelings have on an individual's thinking and behavior.