A RISK ANALYST IS RECONCILING CUSTOMER ACCOUNT DATA HELD IN TWO SEP...

9.

A risk analyst is reconciling customer account data held in two separate databases and wants to ensure the

account number for each customer is the same in each database. Which dimension of data quality would she

be most concerned with in making this comparison?

a.

Completeness

b.

Accuracy

c.

Consistency

d.

Currency

Correct Answer: c

Rationale:

Consistency refers to the comparison of one element of data across two or more different databases.

Section:

Foundations of Risk Management

Reference:

Anthony Tarantino and Deborah Cernauskas, Risk Management in Finance: Six Sigma and Other Next

Generation Techniques

(Hoboken, NJ: John Wiley & Sons, 2009). Chapter 3, “Information Risk and Data Quality

Management.”

Learning Objective:

Identify some key dimensions of data quality.

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2015 Financial Risk Manager (FRM®) Practice Exam