Common Signs You're Talking With Someone From QA
Why did QA cross the road ?
To Test The other Of The Road
What approach does QA take to the process of conducting independent verifications of adherence to key obligations and controls used by Business Units.
Risk-Based
This method refers to determine the the number of participants or observations in a study
Sample Size
Why did the teller get fired from his role at the bank
He lost "interest"
This country included in the list of countries with sanctions that require EDD boasts more Miss World winners than any other nation.
Venezuela
How many QA testers does it take to change a light bulb?
None. Testers don't fix the problems!
Home Trust has three lines of defense; what line of defense is QA in ?
Second Line of Defense
An applicable law, regulation, guideline, undertaking to regulatory authority or provision, section, subsection, order, term, condition or internal policy and procedure that requires the Company to do (or prohibits the Company from doing) certain things or to act or conduct its affairs in a particular manner.
Compliance Requirement
Why did the teller lose his job at the bank?
An old lady asked him to check her balance so he pushed her
Is FINTRAC [Financial Transactions and Reports Analysis Centre of Canada ] an abbreviation, acronym, or initialism
Acronym
It's commonly said that if QA can't find it, then it's:
No where in the policy/procedure
Where does QA keep their personal belonging
In Their Vault at Home
The testing performed by Compliance's Quality Assurance (QA) provides management with peer reviewed, and external stakeholders assessment of the efficacy of internal controls. True or False ?
False.
The testing performed by Compliance's Quality Assurance (QA) provides management with an independent assessment of the efficacy of internal controls
What did the football coach say when he went to the bank?
“I want my quarter back.”
To tell somebody he/she is wrong is called criticism. In QA, to do so officially is called ?
Testing
In testing , the primary objective is to test the system and identify bugs/gaps. While there is no "I" "TEAM" , there is ___ in bugs:
U
The QA team is an independent function operating outside the purview of Corporate Compliance and whose finalized reports go straight to the board of directors and CEO. True or False
False
QA operates within the purview of Corporate Compliance; the results of its testing provides information to support the CCO/CAMLO's opinion on the state of Compliance.
What did the comedian say when he walked into a bank?
This is a stand-up.
When you give QA “It’s not you, it’s me” line, QA will usually agree with you and give the ____
Specifics
When conducting a review, QA will often consult this sacred "P&P", to help guide their examination. What does this abbreviation stand for ?
Policy and Procedure
This process outline the scope, reference documents, sample selection and testing criteria that QA follows.
Methodology
How do I know that Home Trust really like me.
They keep telling me that my loan is outstanding.