Acquirer Study guides, Class notes & Summaries

AQSA Responsibilities - - Gathering and maintaining evidence - Documenting reporting sections of the executive summary - Preparing draft sections of a ROC related to requirements for which the AQSA has gathered the evidence - Under QSA supervision or specific criteria provided by a QSA, conducting interviews, reviewing documented evidence, following up on remediated findings, and conducting data center and site visits for non-primary locations. Additional PCI DSS Requirement for Multi-Ten...

PCI Practice Questions With Verified Answers When confirming PCI-DSS requirements have been met, the accessors must always use which of the following? - previous reports on compliance (ROCs) - independent judgment - hard-copy documents - Live testing - ANSWER independent judgment Strong encryption of cardholder data is required during transmission over which of the following? - Webservers in the DMZ and databases in an internal segment - Any connection between host in the CDE - Ca...

AAA Acronym for "authentication, authorization, and accounting." Protocol for authenticating a user based on their verifiable identity, authorizing a user based on their user rights, and accounting for a user's consumption of network resources Access Control Mechanisms that limit availability of information or information-processing resources only to authorized persons or applications Account Data consists of cardholder data and/or sensitive authentication data Acquire...

independent industry standards body providing oversight of the development and management of Payment Card Industry Data Security Standards on a global basis. PCI Security Standards Council (PCI SSC) Maintain PCI DSS, PA-DSS, PTS, P2PE, Card Production, and PIN Security standards and supporting documentation PCI Security Standards Council (PCI SSC) Define and Implement Validation Requirements for QSAs, PA-QSAs, ASVs, and ISAs PCI Security Standards Council (PCI SSC) Approv...

Series 79 Diagnostic 2 Qs and answers verified to pass A large accelerated filer's fiscal year ends on September 30. By what date must it file its first quarterly 10-Q report for the next fiscal year, beginning October 1? - correct answer February 9 For large accelerated filers, a 10-Q must be filed within 40 days after the close of each fiscal quarter, except at the end of the company's fiscal 4th quarter, when a 10-K is filed. The company's first fiscal quarter ends on December 31. So ...

AAA - ️️Acronym for "authentication, authorization, and accounting." Protocol for authenticating a user based on their verifiable identity, authorizing a user based on their user rights, and accounting for a user's consumption of network resources Access Control - ️️Mechanisms that limit availability of information or informationprocessing resources only to authorized persons or applications Account Data - ️️consists of cardholder data and/or sensitive authentication data Acq...

Series 79 The letters NAV stand for - correct answer Net asset value refers to an investment company's total assets less its total liabilities. Mutual funds and unit investment trusts calculate their NAV every business day, often after market close. Closed-end funds are not subject to the requirement to calculate NAV on a daily basis. All of the following are non-marketable U.S. Government securities EXCEPT - correct answer Treasury Bills trade actively on the secondary market. SLGS, Series...

The payment card brands are responsible for: penalty or fee assignment for non-compliance Authorization of a transaction usually takes place: within one day If a suspected card account number passes the Mod 10 test it means: it is definitely a valid PAN Which of the following is true regarding network segmentation? Network segmentation is not a PCI DSS requirement Which of the following is true related to the tracks of data on the magnetic stripe of a payment card...

Mergers & Acquisitions (M&A) Modeling Exam Questions And Answers What is the correct formula for Goodwill? A. Market value of acquirer - net identifiable assets of target B. Price paid - fair market value of net identifiable assets of target C. Market value of acquirer - fair market value of target D. Book value of target's equity + Adjustments - ANS B. Price paid - fair market value of net identifiable assets of target ABC Co. is considering an acquisition of XYZ Co. for a c...

BU231 Final Exam Review || With Questions & Answers (100% Correct) BU231 Final Exam Review || With Questions & Answers (100% Correct) Merger - ANSWER - Merger occurs when two companies come together to form one company. If one of the two original companies survives then the process is called acquisition. If the combination results in a new company then the process is called a merger. One company is identified as the acquirer and the other is identified as the target. Legal Merger - ANSWER...