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.

Question

Quizplus · Accepted Answer

The other three options are all key control procedures for derivative financial instruments. Access to derivatives should be limited to authorized personnel, but this is not limited only to the CEO, CFO, or Board chair.

Key Control Procedures for Derivative Financial Instruments Include All but Which