Sales Tel: +63 945 7983492  |  Email Us    
SMDC Residences

Air Residences

Features and Amenities

Reflective Pool
Function Terrace
Seating Alcoves

Air Residences

Green 2 Residences

Features and Amenities:

Wifi ready study area
Swimming Pool
Gym and Function Room

Green 2 Residences

Bloom Residences

Features and Amenities:

Recreational Area
2 Lap Pools
Ground Floor Commercial Areas

Bloom Residences

Leaf Residences

Features and Amenities:

3 Swimming Pools
Gym and Fitness Center
Outdoor Basketball Court

Leaf Residences

Contact Us

Contact us today for a no obligation quotation:


+63 945 7983492
+63 908 8820391

Copyright © 2018 SMDC :: SM Residences, All Rights Reserved.


































































IIA-CIA-Part3 dumps with Real exam Questions and Practice Test - smresidences.com.ph

Great Place to download 100% free IIA-CIA-Part3 braindumps, real exam questions and practice test with VCE exam simulator to ensure your 100% success in the IIA-CIA-Part3 - smresidences.com.ph

Pass4sure IIA-CIA-Part3 dumps | Killexams.com IIA-CIA-Part3 real questions | http://smresidences.com.ph/

IIA-CIA-Part3 Certified Internal Auditor - Part 3, Business Analysis and Information Technology

Study Guide Prepared by Killexams.com IIA Dumps Experts


Killexams.com IIA-CIA-Part3 Dumps and Real Questions

100% Real Questions - Exam Pass Guarantee with High Marks - Just Memorize the Answers



IIA-CIA-Part3 exam Dumps Source : Certified Internal Auditor - Part 3, Business Analysis and Information Technology

Test Code : IIA-CIA-Part3
Test Name : Certified Internal Auditor - Part 3, Business Analysis and Information Technology
Vendor Name : IIA
: 1770 Real Questions

Take advantage contemporary IIA-CIA-Part3 exam and get certified.
Best IIA-CIA-Part3 exam training i have ever stumble upon. I passed IIA-CIA-Part3 exam hassle-loose. No stress, no issues, and no frustrations inside the direction of the exam. I knew the entirety I had to realise from this killexams.com IIA-CIA-Part3 Questions set. The questions are valid, and that i heard from my buddy that their coins again guarantee works, too. They do offer you with the cash again if you fail, however the element is, they make it very smooth to pass. Ill use them for my next certification test too.


attempt out those real IIA-CIA-Part3 actual test questions.
this is the fine check-prep in the marketplace! I just took and passed my IIA-CIA-Part3. simplest one question become unseen within the exam. The records that incorporates the QA make this product some distance extra than a brain-dump, for coupled with conventional research; exam simulator is a really valuable tool in advancing ones career.


it's far unbelieveable, but IIA-CIA-Part3 actual exam questions are availabe right here.
before discovering this high-quality killexams.com, i used to be genuinely certain approximately competencies of the net. as soon as I made an account right here I noticed a whole new international and that become the beginning of my successful streak. so that you can get absolutely organized for my IIA-CIA-Part3 test, i was given a number of examine questions / answers and a set sample to follow which became very precise and comprehensive. This assisted me in achieving achievement in my IIA-CIA-Part3 test which become an super feat. thank you plenty for that.


Real IIA-CIA-Part3 exam Questions to Pass at first attempt.
due to IIA-CIA-Part3 certificate you got many chances for security experts improvement for your career. I desired to developmentmy vocation in records safety and desired to grow to be certified as a IIA-CIA-Part3. in that case I determined to take help from killexams.com and began my IIA-CIA-Part3 exam education thru IIA-CIA-Part3 exam cram. IIA-CIA-Part3 exam cram made IIA-CIA-Part3 certificatestudies easy to me and helped me to reap my desires effortlessly. Now im able to say without hesitation, without this website I by no means passed my IIA-CIA-Part3 exam in first strive.


brief, complete and genuine bank of IIA-CIA-Part3 examination.
these days i bought your certification package deal and studied it thoroughly. ultimate week I passed the IIA-CIA-Part3 and obtained my certification. killexams.com on-line exam simulator changed into a terrific tool to prepare the exam. that greater my confidence and i effortlessly passed the certification exam! quite advocated!!!


Real Test IIA-CIA-Part3 Questions and Answers.
If you want high quality IIA-CIA-Part3 dumps, then killexams.com is the ultimate choice and your only solution. it provides amazing and excellent test dumps which I am saying with full confidence. I always thought that IIA-CIA-Part3 dumps are of no uses but killexams.com proved me wrong as the dumps provided by them were of great use and helped me score high. If you are worrying for IIA-CIA-Part3 dumps as well, then you need not to worry and join killexams.


Get IIA-CIA-Part3 certified with actual take a look at question financial institution.
I used this bundle for my IIA-CIA-Part3 exam, too and passed it with top score. I relied on killexams.com, and it was the right decision to make. They give you real IIA-CIA-Part3 exam questions and answers just the way you will see them on the exam. Accurate IIA-CIA-Part3 dumps are not available anywhere. Dont rely on free dumps. The dumps they provided are updated all the time, so I had the latest information and was able to pass easily. Very good exam preparation


Surprised to see IIA-CIA-Part3 Latest dumps!
hello team, i have finished IIA-CIA-Part3 in first attempt and thank you loads in your useful questions bank.


I just skilled IIA-CIA-Part3 examination questions, there's not anything like this.
To ensure the achievement in the IIA-CIA-Part3 exam, I sought assistance from the killexams.com. I selected it for numerous motives: their evaluation on the IIA-CIA-Part3 exam concepts and regulations turned into excellent, the material is truely consumer pleasant, first rate top class and very resourceful. most importantly, Dumps removed all the problems on the associated topics. Your material provided generous contribution to my education and enabled me to be successful. i can firmly country that it helped me obtain my success.


What is wanted to take a look at for IIA-CIA-Part3 exam?
As i am into the IT discipline, the IIA-CIA-Part3 exam turned into critical for me to show up, but time limitations made it overwhelming for me to work well. I alluded to the killexams.com Dumps with 2 weeks to strive for the exam. I figured outhow to finish all of the questions well beneath due time. The clean to preserve answers make it well easier to get prepared. It labored like a complete reference aide and i was flabbergasted with the result.


IIA Certified Internal Auditor -

County revokes Sweetwater college district's means to pay expenses by itself | killexams.com Real Questions and Pass4sure dumps

The San Diego County office of education on Tuesday took away the Sweetwater Union high college District’s means to pay bills by itself, citing new findings from outdoor auditors on the approaches the district is missing in inner fiscal controls.

One auditing enterprise hired by using the county workplace found that Sweetwater qualifies as “high possibility” and failed in 5 out of 5 areas evaluated for required fiscal controls. That firm, Wilkinson Hadley King & Co. LLP, begun its evaluation of Sweetwater in January and submitted its document to the county remaining week.

The company’s document provides to an inventory of not easy findings uncovered currently concerning the price range of Sweetwater, California’s greatest secondary school district with about 39,000 students.

In December, a state fiscal group found that Sweetwater has been misrepresenting its finances and has been relying on interfund borrowing to make payroll, amongst different findings. Sweetwater can be audited by means of the state in coming months and is under investigation by way of the U.S. Securities and change fee.

A Sweetwater spokesman did not supply a remark for this story.

in this most fresh report, the auditing enterprise raised considerations in regards to the indisputable fact that anybody in Sweetwater’s finance department can log an accounting transaction or journal entry with out authorization.

The firm additionally noted considerations with Sweetwater’s interior audit branch.

for instance, the inner audit branch isn't fully unbiased from the americans it is supposed to audit. The department stories to the superintendent and the district’s audit subcommittee, which comprises the executive financial officer.

The inner audit department also doesn't verify monetary journal entries and does not employ licensed inside auditors or licensed public accountants, the document pointed out.

The auditing company talked about Sweetwater should rent an authorized inside auditor — that position is at present vacant in the district — and they should still audit the capabilities of the district’s finance branch.

Sweetwater additionally may still require that fiscal journal entries be authorized and audited, the company pointed out.

The county workplace in November engaged a separate auditing enterprise to prepare cash flow projections of Sweetwater’s price range. but that firm found that it turned into almost not possible to reap and check Sweetwater’s economic facts for an accurate cash movement or accounting analysis.

“After six weeks of interaction, their enterprise is unable to get hold of this baseline facts in a format that their company, beneath the most challenging circumstances, would take a week and in the better of situations, just a few hours” to research, wrote Caroline Larson, partner with the auditing company, Vavrinek, Trine, Day & Co., LLP. The enterprise additionally does exterior audits for Sweetwater.

The enterprise advised the county it's going to not work on preparing money movement projections unless Sweetwater’s monetary facts are fastened.

primarily based off of both organisations’ findings, the San Diego County office of education on Tuesday revoked Sweetwater’s fiscal accountability fame, or its means to pay providers without delay. That ability the county workplace, which has fiscal oversight powers over college districts, can now audit Sweetwater’s funds to vendors and that Sweetwater need to pay providers in the course of the county education office, as most smaller college districts within the county do.

On exact of the issues raised via both auditing enterprises, the county schooling office mentioned it has “grave considerations” concerning the district’s recent attempts to enforce a new financial gadget.

The state fiscal team spoke of in 2015 and last December that Sweetwater wants an information equipment that integrates its human resources, payroll, finances and finance capabilities. the shortcoming of concord between those areas is partly what resulted in Sweetwater’s inaccurate economic reporting, in line with the state fiscal team's most fresh file.

at the moment, the county workplace and 54 faculty districts and constitution schools within the county use an integrated finance equipment called PeopleSoft, which is the county’s suggestion for Sweetwater.

Sweetwater turned into about to transition to PeopleSoft in 2016, nevertheless it modified its intellect and saved the use of its existing device, TrueCourse.

Some districts had difficulty imposing PeopleSoft closing college yr, to the aspect that the county partly refunded districts’ implementation costs, mentioned Michael Simonson, the county education office’s assistant superintendent of enterprise features. Simonson observed an advisory board is working on addressing improvements for PeopleSoft.

As of last month, Sweetwater become planning to approve a brand new financial system, Infor, without going through the required request for proposals technique, based on the county training office. Sweetwater at present uses Infor as its human resources device. No different California school district makes use of Infor, Simonson noted, which raised considerations for the county.

“Our office changed into shocked, to claim the least, at the District’s intent to enter right into a contract for a brand new monetary gadget without any prior observe, analysis or dialog with their office," Simonson wrote in a letter to Sweetwater Superintendent Karen Janney on Tuesday.

“moreover, the District’s want to continue to operate an independent gadget which isn't utilized in any California faculty district, corresponding to your latest TrueCourse device, motives issues that the District may additionally no longer entirely recognize the extent of the current fiscal disaster.”

Simonson additionally mentioned in his letter that Sweetwater has failed to produce a couple of files that the county has been asking of the district due to the fact that November.

The county told Sweetwater to provide budget reduce plans for the next two faculty years, money move projections that exhibit interfund borrowing, an in depth analysis of the district’s these days applied early retirement incentive plan and the reputation of these vacated positions. The county’s given closing dates for these documents have all handed and Sweetwater has yet to supply them.

A Sweetwater spokesman has stated the district plans to supply and approve a fiscal recovery plan someday subsequent month. The district in the past observed it would accomplish that this month.

in view that December, the district says, it has created a “funds position handle analyst” position and a position control committee. The district also says it has a plan to shop $2 million next yr by way of cutting 20 to 25 percent of district workplace positions.

Kristen Taketa

email: kristen.taketa@sduniontribune.com

Twitter: @Kristen_Taketa


viewpoint | What Do Auditors Even Do? | killexams.com Real Questions and Pass4sure dumps

In a robust and frank dialog, the coverage legend gives exciting insights into international trade, his previous battles and what the long run holds for the trade and his business.

In 1960, Maurice “Hank” Greenberg became employed as a vp of C.V. Starr & Co. At age 35, he had already accomplished a great deal.

He served his country as part of the Allied Forces that stormed the shorelines at Normandy and liberated the Nazi death camps. He fought once more all over the Korean struggle, incomes a Bronze star. He held a legislation degree from long island legislation college.

Now he was ready to make his mark on the company world.

Even C.V. Starr himself — who hired Mr. Greenberg and later hand-picked him as the successor to the business he situated in Shanghai in 1919 — could not have imagined what a mark it might be.

Mr. Greenberg began to construct AIG as a Starr subsidiary, then in 1969, he took it public. The enterprise would, at its height, achieve a market cap of some $one hundred eighty billion and cement its region as the biggest assurance and monetary functions company in heritage.

This month, Mr. Greenberg travels to China to rejoice the a centesimal anniversary of C.V. Starr & Co. That talk over with happens at a prickly time in U.S.-Sino members of the family, as the Trump administration levies tariffs on a whole bunch of billions of greenbacks in chinese items and China retaliates.

In September, chance & coverage® sat down with Mr. Greenberg in his Park Avenue office to listen to his suggestions on the centennial of C.V. Starr, the dynamics of U.S. exchange relationships with China and the way forward for the U.S. coverage business as it faces the challenges of technology construction and skill recruitment and retention, among many others. What follows is an edited transcript of that discussion.

R&I: a hundred years is reasonably an astonishing milestone for any business. Celebrating the anniversary in China signifies the value and durability of that relationship. are you able to tell us more about C.V. Starr’s history with China?

Hank Greenberg: we've a long heritage in China. I first went there in 1975. There become little there, however I had business all the way through Asia, and i stopped there all the time. I’d cease there a few times a 12 months and construct relationships.

when I first all started traveling China, there became only 1 state-owned coverage business there, PICC (the people’s assurance enterprise of China); it was tiny on the time. They helped them to grow.

I also obtained the first overseas life insurance license in China, for AIA (The American international Assurance Co.). to this point, there was no different international existence assurance enterprise in China. It took me two decades of complicated work to get that license.

We also brought an agency system in China. that they had none. Their lifestyles enterprise personnel would get a earnings whether or not they sold anything or now not. With the agency system of path you get paid a commission if you sell anything. as soon as that agency system was installed, it went on to create greater than a million jobs.

R&I: So Starr’s success has intended success for the chinese coverage business as neatly.

Hank Greenberg: That’s partly why we’re going to be celebrating that anniversary there next month. That party will happen alongside that of IBLAC (foreign business Leaders’ Advisory Council), a world enterprise advisory community that was put collectively when Zhu Rongji became the mayor of Shanghai [Zhu is since retired from public life]. He requested me to start that to appeal to overseas companies to put money into Shanghai.

“It turns out that it's tougher [for China] to trade, as a result of they've one leader. My bet is that we’ll work it out sooner or later. Trump and Xi must meet. so that it will outcome in some agreement if you want to get to them and they'll should finish the leisure of the negotiations. I consider in an effort to happen.” — Maurice “Hank” Greenberg, chairman and CEO, C.V. Starr & Co. Inc.

Shanghai and China in popular had been just popping out of the doldrums then; there was a scarcity of international investment. Zhu requested me to chair IBLAC and to help get it begun, which I did. I served as chairman of that neighborhood for a few terms. i am nevertheless part of that board, and it'll be celebrating its 30th anniversary along with their a centesimal anniversary.

we now have a superb relationship with China, and we’re candid as that you could inform from the op-ed I published in the Wall road Journal. I’m informed that my op-ed was received fairly smartly in China, by each chinese language corporations and overseas organizations doing company there.

On August 29, Mr. Greenberg posted an opinion piece in the WSJ reminding chinese language leaders of the productive background of U.S.-Sino relations and suggesting that chinese leaders take pragmatic steps to ease trade tensions with the U.S.

R&I: What’s your outlook on present trade relations between the U.S. and China?

Hank Greenberg: As to the current environment, should you are in negotiations, each chief negotiates differently.

President Trump is negotiating in accordance with his usual strategy. What’s different now could be that President Xi (Jinping, widespread Secretary of the Communist party of China) made himself the emperor. all of the previous presidents in China before the revolution had two phrases. He’s there for life, which makes things a lot more complicated.

R&I: bound does. You’ve obtained a one- or two-time period president talking to someone who can wait it out. It’s basically pleasing.

Hank Greenberg: So, clearly loads of alternate is going on in China. some of it is decent. but as I noted within the op-ed, China needs to be handled just like the 2d biggest financial system on earth, which it's. and it will be the number 1 financial system on earth in now not too many years. That means so that you can’t use the identical terms of trade that you simply did 25 or 30 years ago.

They need to have access to their market and different markets. pleasant, but you must have reciprocity, and that they have not been very good at that.

R&I: What stands in the manner of that going on?

Hank Greenberg: I think there are a number of great challenges. One, their constitution makes it very tricky. they have a senior official, a regulator, who runs a division inside the executive for coverage. He continues that job as long as he does what leadership needs him to do. He may additionally now not make sure what they want him to do.

for example, the president made a speech many months in the past asserting they'll open up banking, assurance and a couple of additional sectors to international funding; nothing came about.

The intent turned into that the top of that division got modified. a brand new administrator got here in who changed into now not certain what the president wanted so he did nothing. Time went on and the international community pointed out, “Wait a minute, you promised that you just had been going to do that and you didn’t try this.”

So the structure is such that it is awfully complex. China can’t react as fast because it should. with a view to alternate, nonetheless it goes to take time.

R&I: That’s pleasing, as a result of throughout the financial crisis in 2008 there turned into speak that China, given their greater centralized authority, might react greater promptly, now not less quickly.

Hank Greenberg: It seems that it's tougher to change, as a result of they have got one chief. My wager is that we’ll work it out at some point. Trump and Xi must meet. if you want to effect in some agreement with a purpose to get to them and they're going to must finish the rest of the negotiations. I believe so one can turn up.

R&I: definitely, you've got a really wonderful perspective and experience in China. For American groups coming to China, what are one of the crucial present challenges?

Hank Greenberg: well, they very a whole lot are looking to do enterprise in China. That’s as a result of the sheer dimension of the country, at 1.4 billion individuals. It’s a very huge market and never just for insurance corporations. It’s a whole range of companies that could like to have access to China as simply as chinese language organizations have access to the U.S.. As I spoke of in the past, that needs to be resolved.

It’s not going to be effortless, because China has a historical past of no longer being treated well via different nations. The U.S. has been relatively first rate in that method. They haven’t taken capabilities of China.

R&I: Your op-ed changed into very enlightening on that subject.

Hank Greenberg: President Xi wants to rebuild the “middle kingdom,” to what China become, a superb country. a part of that turned into his takeover of the South China Sea rock islands right through the Obama Administration; they did nothing. It’s a little late now to are attempting and do something. They promised they might in no way militarize these islands. Then they did. That’s a true difficulty in Southern Asia. The different international locations in that region aren't satisfied about that.

R&I: One element that has differentiated your enterprise is that it isn't a public enterprise, and it is not a mutual enterprise. They think you’re the handiest significant coverage business with that constitution at that scale. What advantages does that offer you?

Hank Greenberg: Two things. firstly, we’re greater than an assurance enterprise. they have the ordinary funding unit with the coverage company. Then we've a separate funding unit that they started, which is terribly a hit. So they have a source of profits that is diverse. They don’t must underwrite enterprise that goes to lose a lot of money. now not knowingly anyway.

R&I: And that’s since you are a non-public enterprise?

Hank Greenberg: sure. They entice a special category of person in a non-public enterprise.

R&I: Do you feel that permits you to react greater at once?

Hank Greenberg: fully. after they left AIG there were three of us. Myself, Howie Smith and Ed Matthews. Howie used to run the interior financials and Ed Matthews become the funding guy popping out of Morgan Stanley when i used to be putting AIG together. They started with three people and now we've 3,500 and turning out to be.

“I believe technology can play a job in cutting back working fees. within the final 70 years, you have seen the fee ratio of the industry upward push, and that i’m now not certain the industry can have the funds for a 35 % fee ratio. but whereas expertise can aid, some extra primary changes will even be required.” — Maurice “Hank” Greenberg, chairman and CEO, C.V. Starr & Co. Inc.

R&I:  You being pressured to depart AIG in 2005 in fact became an injustice, incidentally. AIG wouldn’t have been in the position it become in 2008 in case you had still been there.

Hank Greenberg: completely no longer. They had the entire right things in vicinity. They met with the financial services division once a day every day to make sure they stuck to what they were speculated to do. Even Hank Paulson, the Secretary of Treasury, sat on the stand right through my trial and spoke of that if I’d been on the enterprise, it wouldn't have imploded the style it did.

R&I: And that fateful choice the AIG board made in fact affected the path of the country.

Hank Greenberg: So many individuals lost all of their internet worth. the brand new administration changed into taking on billions of greenbacks’ worth of risk with out a collateral. they had decimated the internal risk administration controls. And the govt takeover of the enterprise when the fiscal disaster blew up turned into grossly unfair.

From the time it went public, AIG’s cost had expanded from $300 million to $180 billion. due to Eliot Spitzer, it’s now worth a fraction of that. His changed into a gross misuse of the Martin Act. It gives the legal professional familiar the vigor to examine without probable cause and convey fraud expenses with no need to show intent. handiest in manhattan does the law supply the AG that lots power.

R&I: It’s exceptionally irritating if you happen to believe the nice of his own personality, and the scandal he turned into worried in.

In early 2008, Spitzer was caught on a federal wiretap arranging a gathering with a prostitute at a Washington lodge and resigned almost immediately thereafter.

Hank Greenberg: yes. And it’s been successive. analyze Eric Schneiderman. He resigned previous this yr when it came out that he had abused a few ladies. And this became after he got here out so strongly in opposition t different men accused of the identical factor. To me it demonstrates hypocrisy and abuse of vigour.

Schneiderman adopted in Spitzer’s footsteps in leveraging the Martin Act in opposition t a lot of establishments to generate multi-billion dollar settlements.

R&I: Starr, however, continues to thrive. You spoke of you’re at three,500 people and still growing. As you proceed to extend, how do you deal with the problem of attracting talent?

Hank Greenberg: They did anything closing week.

On September sixteenth, St. John’s tuition introduced the largest reward in its 148-yr background. The Starr groundwork donated $15 million to the college, setting up the Maurice R. Greenberg leadership Initiative at St. John’s college of possibility administration, coverage and Actuarial Science.

Hank Greenberg: they have recruited from St. John’s for a lot of, many years. These are young people who want to be within the assurance industry. They don’t get into it by accident. They look at to develop into trained in this and we've recruited some very qualified individuals from that college. however they also recruit from many other universities. On the investment aspect, backyard of the insurance trade, they additionally recruit from Wall road.

R&I: We’re very attracted to the way you and other leaders during this business view know-how and the way they’re going to make use of it.

Hank Greenberg: I believe know-how can play a role in decreasing working fees. in the last 70 years, you have got considered the expense ratio of the business upward thrust, and that i’m now not sure the industry can have the funds for a 35 percent fee ratio. but whereas technology can help, some extra primary changes will also be required.

R&I: So as the pre-eminent chief of the coverage business, what do you see in terms of where insurance is now an where it’s going?

Hank Greenberg: The nation and the realm will at all times want coverage. That doesn’t suggest that what they have nowadays is what we’re going to have 25 years from now.

How rapidly the change comes and how some distance it will go will rely on particular person agencies and individual countries. Some should be greater brave than others. but alternate will take place, there isn't any doubt about it.

extra will go on in house, there is no query about that. We’re involved in it presently as an insurance company, and it will get broader.

one of the most belongings you ought to worry about is it’s now a nuclear world. It’s a greater bad world. And once again, they have to find a way to cope with that.

So, alternate is inevitable. You need people who can deal with exchange.

R&I:  Is there the rest, Mr. Greenberg, you want to touch upon?

Hank Greenberg: I believe I’ve lined it. &


IIA CIA exam Prep | killexams.com Real Questions and Pass4sure dumps

Excel within the IIA licensed internal Auditor (CIA) examination for your first are attempting with Quiztronic exam Prep sequence! This bundle contains all 3 materials of the CIA examination!

analyze and observe for the exam with flashcards. Then effort 'observe Mode' with out a cut-off date and precise reply assessment to profit self assurance. finally, pit your self in opposition t the 'Mock examination' to prepare yourself for the precise examination!

Get all started Free:- Flash card mode with 25% of all part 1 questions unlocked- practice mode with 25 of part 1 questions- Mock exam mode with 25 of part 1 questions- advertisements are enabled for all quiz- efficiency evaluation at end of quiz- Over-the-air replace for query financial institution

unencumber the whole elements:moreover the primary points, buy of the complete feature of the app lets you gain access to:

- 1200+ follow questions- All three parts of the examination is unlocked- apply Mode with all questions unlocked- Mock tests with all questions unlocked- advertisements-free learning event

content validated:

half 1 – internal Audit basics

The CIA exam half 1 subject matters validated include elements of mandatory counsel from the IPPF; interior control and possibility concepts; as well as tools and concepts for conducting inner audit engagements. word: All items in this part of the syllabus will be verified on the proficiency knowledge degree unless in any other case indicated under.

half 2 – internal Audit follow

The CIA exam part 2 issues proven encompass managing the interior audit feature by way of the strategic and operational function of interior audit and organising a risk-based plan; the steps to manage individual engagements (planning, supervision, speaking effects, and monitoring consequences); in addition to fraud hazards and controls. word: All gadgets in this section of the syllabus could be established on the proficiency talents stage except in any other case indicated under.

part three – interior Audit capabilities facets

The CIA exam half three issues demonstrated include governance and company ethics; risk management; organizational structure, together with business processes and dangers; communique; administration and management ideas; counsel technology and company continuity; monetary management; and the world business environment. notice: All objects in this section of the syllabus might be validated at the awareness potential degree except otherwise indicated beneath.

Mock examination format:half 1 – interior Audit Basics125 questions | 2.5 Hours (150 minutes)

half 2 – inner Audit Practice100 questions | 2.0 Hours (a hundred and twenty minutes)

part three – internal Audit expertise Elements100 questions | 2.0 Hours (120 minutes)

About Quiztronic:Quiztronic is your appropriate alternative for cellular learning and examination practise device. Quiztronic exam Prep sequence allows you to analyze on your exams on-the-go at your own pace.


Unquestionably it is hard assignment to pick dependable certification questions/answers assets regarding review, reputation and validity since individuals get sham because of picking incorrectly benefit. Killexams.com ensure to serve its customers best to its assets concerning exam dumps update and validity. The vast majority of other's sham report dissension customers come to us for the brain dumps and pass their exams joyfully and effortlessly. They never trade off on their review, reputation and quality on the grounds that killexams review, killexams reputation and killexams customer certainty is imperative to us. Uniquely they deal with killexams.com review, killexams.com reputation, killexams.com sham report objection, killexams.com trust, killexams.com validity, killexams.com report and killexams.com scam. On the off chance that you see any false report posted by their rivals with the name killexams sham report grievance web, killexams.com sham report, killexams.com scam, killexams.com protest or something like this, simply remember there are constantly awful individuals harming reputation of good administrations because of their advantages. There are a huge number of fulfilled clients that pass their exams utilizing killexams.com brain dumps, killexams PDF questions, killexams hone questions, killexams exam simulator. Visit Killexams.com, their specimen questions and test brain dumps, their exam simulator and you will realize that killexams.com is the best brain dumps site.

Back to Braindumps Menu


000-612 dumps | 70-464 study guide | C2150-810 brain dumps | 000-823 VCE | 000-M75 cram | 156-315 study guide | STAAR pdf download | M2150-756 examcollection | 70-344 free pdf | 000-271 brain dumps | FCNSA test questions | 250-319 exam prep | NSCA-CPT practice test | H12-224 questions and answers | 132-S-900.7 cheat sheets | 70-332 practice questions | ST0-248 exam prep | E22-285 practice exam | 050-634 real questions | HP0-M21 sample test |


Review IIA-CIA-Part3 real question and answers before you take test
killexams.com suggest you to must attempt its free demo, you will see the natural UI and furthermore you will think that its simple to alter the prep mode. In any case, ensure that, the real IIA-CIA-Part3 exam has a larger number of questions than the sample exam. killexams.com offers you three months free updates of IIA-CIA-Part3 Certified Internal Auditor - Part 3, Business Analysis and Information Technology exam questions. Their certification team is constantly accessible at back end who updates the material as and when required.

At killexams.com, they offer completely verified IIA IIA-CIA-Part3 real exam practice questions that are the most effective for Passing IIA-CIA-Part3 exam, and to induce certified by IIA. It is a most suitable option to accelerate your career as an expert within the info Technology business. they have a tendency of their name of serving to people pass the IIA-CIA-Part3 exam in their initial attempt. Their success rates within the past 2 years are fully spectacular, because of their happy customers are currently ready to boost their career within the quick lane. killexams.com is the beloved alternative among IT professionals, particularly those are trying to climb up the hierarchy levels quicker in their respective organizations. IIA is the business leader in info technology, and obtaining brain dumps from killexams.com will guarantee to succeed in IIA-CIA-Part3 exam. they have an approach to assist you memorize precisely their prime quality IIA IIA-CIA-Part3 brain dumps. IIA IIA-CIA-Part3 certified are rare all round the world, and also the business and package solutions provided by them are being embraced by most the businesses. they need helped in driving thousands of firms on the sure-shot path of success. Comprehensive information of IIA product are needed to certify a really necessary qualification, and also the professionals certified by them are extremely valued altogether organizations. killexams.com Discount Coupons and Promo Codes are as under; WC2017 : 60% Discount Coupon for all exams on website PROF17 : 10% Discount Coupon for Orders larger than $69 DEAL17 : 15% Discount Coupon for Orders larger than $99 SEPSPECIAL : 10% Special Discount Coupon for All Orders

Quality and Value for the IIA-CIA-Part3 Exam : killexams.com Practice Exams for IIA IIA-CIA-Part3 are composed to the most elevated norms of specialized precision, utilizing just confirmed topic specialists and distributed creators for improvement.

100% Guarantee to Pass Your IIA-CIA-Part3 Exam : If you dont pass the IIA IIA-CIA-Part3 exam utilizing their killexams.com testing software and PDF, they will give you a FULL REFUND of your buying charge.

Downloadable, Interactive IIA-CIA-Part3 Testing Software : Their IIA IIA-CIA-Part3 Preparation Material gives you all that you should take IIA IIA-CIA-Part3 exam. Subtle elements are looked into and created by IIA Certification Experts who are continually utilizing industry experience to deliver exact, and legitimate.

- Comprehensive questions and answers about IIA-CIA-Part3 exam - IIA-CIA-Part3 exam questions joined by displays - Verified Answers by Experts and very nearly 100% right - IIA-CIA-Part3 exam questions updated on general premise - IIA-CIA-Part3 exam planning is in various decision questions (MCQs). - Tested by different circumstances previously distributing - Try free IIA-CIA-Part3 exam demo before you choose to get it in killexams.com

killexams.com Huge Discount Coupons and Promo Codes are as under;
WC2017 : 60% Discount Coupon for all exams on website
PROF17 : 10% Discount Coupon for Orders greater than $69
DEAL17 : 15% Discount Coupon for Orders greater than $99
DECSPECIAL : 10% Special Discount Coupon for All Orders


IIA-CIA-Part3 | IIA-CIA-Part3 | IIA-CIA-Part3 | IIA-CIA-Part3 | IIA-CIA-Part3 | IIA-CIA-Part3


Killexams II0-001 practice test | Killexams VACC bootcamp | Killexams MB3-214 exam prep | Killexams 000-715 real questions | Killexams 1Z0-335 questions and answers | Killexams 050-892 brain dumps | Killexams 922-096 test prep | Killexams 190-841 practice questions | Killexams A2090-303 test prep | Killexams HP2-H38 cheat sheets | Killexams 132-S-100 practice test | Killexams 70-735 braindumps | Killexams NRA-FPM free pdf | Killexams 1Z0-408 exam questions | Killexams HP0-Y24 free pdf download | Killexams 70-346 dumps | Killexams HP0-335 Practice Test | Killexams 000-N52 mock exam | Killexams 400-101 questions and answers | Killexams LX0-104 VCE |


killexams.com huge List of Exam Braindumps

View Complete list of Killexams.com Brain dumps


Killexams P2050-028 brain dumps | Killexams CAT-040 free pdf download | Killexams NS0-513 VCE | Killexams 70-548-Csharp dump | Killexams 3304-1 practice test | Killexams 312-50v9 practice questions | Killexams C2090-552 brain dumps | Killexams P2020-300 practice questions | Killexams CAT-280 Practice Test | Killexams MB5-626 questions and answers | Killexams 000-969 study guide | Killexams CCN real questions | Killexams LE0-583 cheat sheets | Killexams A2090-545 practice test | Killexams 000-077 test prep | Killexams JN0-1100 practice exam | Killexams 1Z0-408 real questions | Killexams ES0-004 braindumps | Killexams 9A0-063 test prep | Killexams 650-175 test questions |


Certified Internal Auditor - Part 3, Business Analysis and Information Technology

Pass 4 sure IIA-CIA-Part3 dumps | Killexams.com IIA-CIA-Part3 real questions | http://smresidences.com.ph/

Auditor Certificate Programs and Certifications | killexams.com real questions and Pass4sure dumps

Certifications for auditors exist in several other fields and include certified biomedical, HACCP and quality auditors. The certifications are offers through the American Society for Quality (ASQ). To apply for these certification exams, applicants must possess five years of job experience in the area of the certification. However, having an associate, bachelor's or master's degree waives some of the experience requirements. Certified biomedical, HACCP and quality auditors must also complete 18 recertification units in a 3-year period to maintain certification.

Popular Careers

Certified IT auditors may find a wide range of entry- to mid-level positions within various companies or organizations. With a residential energy auditor certificate, graduates may find entry-level positions in construction, technology, manufacturing and engineering fields. The following positions are career choices graduates of the certificate program may take.

  • Energy auditor
  • Energy conservation representative
  • Field energy consultant
  • Process assurance analyst
  • Information systems audit manager
  • Senior auditor
  • Employment Outlook and Salary Info

    Certified auditors may obtain entry-level positions within large corporations in the internal auditing department and may eventually become Chief Audit Executives. According the U.S. Bureau of Labor Statistics (www.bls.gov), the demand for accountants and auditors will increase by about 11% from 2014-2024 due to the increase demand for business and organizations to provide accountability in spending to meet financial regulations. Accountants and auditors earned a median yearly salary of $67,190 in 2015, as per data released by the BLS.

    Professional Certification and Continuing Education

    Students seeking to become CIAs (certified internal auditors) must pass the 4-part exam administered by the Institute of Internal Auditors. They must hold a bachelor's or master's degree and have completed a minimum of two years of internal auditing experience. Each segment of the exam must be completed within two years of each other. Those that have become certified in internal auditing must maintain their certification by completing Continuing Professional Education (CPE) hours every two years.

    To receive a certification as a residential energy auditor, students must take and pass national certification exams required by the Residential Energy Services Network and the Building Performance Institute Inc. Students may also further their education by enrolling in an associate degree program in energy performance and resource management.

    Certification for IT auditing is offered by the Information Systems Audit and Control Association (ISACA) for a certified information systems auditor (CISA) certification. To qualify for the certification, graduates must hold five years of experience in IT auditing and complete the CISA exam. CISA's must also complete a minimum of 20 hours of CPE annually to maintain certification.

    The demand for auditors is expected to grow by 11% over the next decade, and prospective students have many different certificate programs to choose from including internal auditing, residential energy, and IT.


    10-K: COGNIZANT TECHNOLOGY SOLUTIONS CORP | killexams.com real questions and Pass4sure dumps

    (EDGAR Online via COMTEX) -- Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations Executive Summary

    Cognizant is one of the world's leading professional services companies, transforming clients' business, operating and technology models for the digital era. Their industry-based, consultative approach helps customers envision, build and run more innovative and efficient businesses. Their services include digital services and solutions, consulting, application development, systems integration, application testing, application maintenance, infrastructure services and business process services. Digital services are becoming an increasingly important part of their portfolio of services and solutions and are often integrated or delivered along with their other services. They tailor their services and solutions to specific industries and use an integrated global delivery model that employs customer service teams based at customer locations and delivery teams located at customer locations and dedicated global and regional delivery centers.

    In 2018, they executed on their strategy to grow revenues and expand operating margins while completing their previously announced capital return plan. Revenues for the year ended December 31, 2018 increased to $16,125 million from $14,810 million for the year ended December 31, 2017, representing growth of 8.9%, or 8.5% on a constant currency basis1. Going forward, they expect to continue to invest in their digital capabilities, including the extensive training and re-skilling of their technical teams and the expansion of their local workforces in the United States and other markets around the world. They expect these investments to contribute significantly to their organic revenue growth. Additionally, they plan to supplement their organic growth through select strategic acquisitions, joint ventures, investments and alliances that can expand their digital capabilities, geographic footprint or industry capabilities. In 2018, they completed five acquisitions: Bolder Healthcare Solutions ("Bolder"), a provider of revenue cycle management solutions to the healthcare industry in the United States; Hedera Consulting, a business advisory and data analytics service provider in Belgium and the Netherlands; Softvision, a digital engineering and consulting company with significant operations in Romania and India that focuses on agile development of custom cloud-based software and platforms for customers primarily in the United States; ATG, a United States based consulting company that helps companies plan, implement, and optimize automated cloud-based quote-to-cash business processes and technologies; and SaaSfocus, a Salesforce services provider in Australia.

    2017 Capital Return Plan 2018 2017 Total (in millions) Dividends paid(1) $ 468 $ 265 $ 733 Share repurchases under their Board authorized stock repurchase plan 1,175 1,800 2,975 Total $ 1,643 $ 2,065 $ 3,708 _________________

    Beginning in 2019, their new capital return plan anticipates the deployment of approximately 50% of their global free cash flow1 for dividends and share repurchases and approximately 25% of their global free cash flow1 for acquisitions, as needed. For the year ended December 31, 2018, their cash flows from operating activities were $2,592 million while their global free cash flow1 was $2,215 million. They review their capital return plan on an on-going basis, considering their financial performance and liquidity position, investments required to execute their strategic plans and initiatives, acquisition opportunities, the economic outlook, regulatory changes and other relevant factors. As these factors may change over time, the actual amounts expended on stock repurchase activity, dividends and acquisitions, if any, during any particular period cannot be predicted and may fluctuate from time to time.

    Table of Contents

    In 2018, they announced a plan to modify their non-GAAP financial measures. Their historical non-GAAP financial measures, non-GAAP operating margin2, non-GAAP income from operations2 and non-GAAP diluted earnings per share2 ("non-GAAP diluted EPS")2, excluded stock-based compensation expense, acquisition-related charges and unusual items, and their non-GAAP diluted EPS2 additionally excluded net non-operating foreign currency exchange gains or losses and the tax impacts of all applicable adjustments. Their new non-GAAP financial measures, Adjusted Operating Margin2, Adjusted Income From Operations2 and Adjusted Diluted Earnings Per Share2 ("Adjusted Diluted EPS")2, exclude only unusual items and Adjusted Diluted EPS2 additionally excludes net non-operating foreign currency exchange gains or losses and the tax impact of all applicable adjustments. They are also introducing two new non-GAAP financial measures, free cash flow2 and constant currency revenue growth2. Free cash flow2 is defined as cash flow from operating activities net of purchases of property and equipment. Constant currency revenue growth2 is defined as revenues for a given period restated at the comparative period's foreign currency exchange rates measured against the comparative period's reported revenues. See "Non-GAAP Financial Measures" for more information.

    Increase 2018(1) 2017 $ % (Dollars in millions, except per share data) Revenues $ 16,125 $ 14,810 $ 1,315 8.9 Income from operations 2,801 2,481 320 12.9 Net income 2,101 1,504 597 39.7 Diluted earnings per share 3.60 2.53 1.07 42.3 Other Financial Information2 Non-GAAP income from operations $ 3,345 $ 2,912 $ 433 14.9 Adjusted Income From Operations 2,920 2,553 367 14.4 Non-GAAP diluted EPS 4.57 3.77 0.80 21.2 Adjusted Diluted EPS 4.02 3.42 0.60 17.5 _____________

    The following charts set forth revenues and revenue growth by business segment and geography for the years ended December 31, 2017 and 2018:

    Table of Contents

    The following factors impacted their revenue growth during the year ended December 31, 2018 as compared to the year ended December 31, 2017:

    Revenues in their Financial Services segment grew below Company average as certain banking customers continue to optimize the cost of supporting their legacy systems and operations, including moving a portion of their services to captives, as they shift their spend to transformation and digital services;

    Sustained strength in the North American market;

    Revenues from their customers in Europe grew 18.3%, or 15.2% on a constant currency3 basis;

    Revenues from their Rest of Europe customers increased 25.2%, or 22.2% on a constant currency basis3; Revenues from their United Kingdom customers increased 10.8%, or 7.6% on a constant currency basis3. Revenue growth in the United Kingdom continues to be negatively affected by weakness in the banking sector in that region; Revenues from their customers in their Rest of World region grew 3.4%, or 6.1% on a constant currency basis3;

    Increased customer spending on discretionary projects;

    Expansion of their service offerings, including consulting and digital services, next-generation IT solutions and platform-based solutions;

    Continued expansion of the market for global delivery of technology and business process services; and

    Increased penetration of existing customers.

    The following chart sets forth their GAAP operating margin, Adjusted Operating Margin3 and non-GAAP operating margin3 for the years ended December 31, 2017 and 2018:

    Table of Contents

    Other Matters

    In March 2018, the ITD placed an attachment on certain of their India bank accounts, relating to the 2016 India Cash Remittance. In April 2018, the Madras High Court granted their application for a stay of the actions of the ITD and lifted the ITD's attachment of their bank accounts. As part of the interim stay order, they have deposited 5 billion Indian rupees ($71 million at the December 31, 2018 exchange rate), representing 15% of the disputed tax amount related to the 2016 India Cash Remittance, with the ITD. This amount is presented in "Other current assets" on their consolidated statement of financial position. In addition, the court has placed a lien on certain time deposits of CTS India in the amount of 28 billion Indian rupees ($404 million at the December 31, 2018 exchange rate), which is the remainder of the disputed tax amount related to the 2016 India Cash Remittance. The affected time deposits are considered restricted assets and they have reported them in "Short-term investments" on their consolidated statement of financial position. As of December 31, 2018, the restricted time deposits balance was $423 million, including accumulated interest. In February 2019, they completed their internal investigation focused on whether certain payments relating to Company-owned facilities in India were made improperly and in violation of the U.S. Foreign Corrupt Practices Act ("FCPA") and other applicable laws. The investigation was conducted under the oversight of the Audit Committee, with the assistance of outside counsel. During the year ended December 31, 2016, they recorded out-of-period corrections related to $4 million of potentially improper payments between 2009 and 2016 that had been previously capitalized when they should have been expensed. These out-of-period corrections were not material to any previously issued financial statements. There were no adjustments recorded during 2018 or 2017 related to the amounts then under investigation.

    On February 15, 2019, they announced a resolution of the previously disclosed investigations by the U.S. Department of Justice ("DOJ") and the U.S. Securities and Exchange Commission ("SEC") into the matters that were the subject of their internal investigation. The resolution required the Company to pay approximately $28 million to the DOJ and SEC, an amount consistent with the Company's accrual ("FCPA Accrual") recorded during the quarter ended September 30, 2018.

    During the years ended December 31, 2018, 2017 and 2016, they incurred $16 million (not including the FCPA Accrual), $36 million and $27 million, respectively, in costs related to the above investigations and the legal matters described in Note 15 to their consolidated financial statements. They expect to continue to incur legal fees and other expenses, including indemnification and expense advancement obligations, related to stockholder litigation and other legal proceedings pertaining to the matters that were the focus of the now completed FCPA investigations described above.

    Our customers' dual mandate of simultaneously achieving cost savings while investing in transformation and innovation;

    Continued focus by customers on directing technology spending towards cost containment projects;

    Discretionary spending by their customers may be negatively affected by international trade policies as well as other macroeconomic factors;

    Uncertainty related to the potential economic and regulatory impacts of the 2016 United Kingdom referendum to exit the European Union (the "Brexit Referendum");

    Table of Contents

    Demand from certain banking customers may continue to be negatively affected by their ongoing efforts to optimize the cost of supporting their legacy systems and operations, including moving a portion of their services to captives, as they shift their spend to transformation and digital services;

    Demand from their healthcare customers may continue to be affected by the uncertainty in the regulatory environment and industry-specific trends, including industry consolidation and convergence;

    Demand among their technology customers may be affected by uncertainty in the regulatory environment while significant merger and acquisition activity continues to impact their customers in the communications and media industry;

    Uncertainty regarding regulatory changes, including potential regulatory changes with respect to immigration and taxes;

    Legal fees and other expenses, including indemnification and expense advancement obligations, related to stockholder litigation and other legal proceedings pertaining to the matters that were the focus of now completed FCPA investigations described above; and

    Volatility in foreign currency rates.

    In response to this environment, they plan to:

    Continue to invest in their talent base, including through local hiring and re-skilling, and new service offerings, including digital technologies and new delivery models;

    Partner with their existing customers to garner an increased portion of their customers' overall spend by providing innovative solutions;

    Focus on growing their business in Europe, the Middle East, Asia Pacific and Latin America, where they believe there are opportunities to gain market share;

    Pursue strategic acquisitions that they believe add new technologies, including digital technologies, or platforms that complement their existing services, improve their overall service delivery capabilities, or expand their geographic presence; and

    Focus on operating discipline in order to appropriately manage their cost structure.

    Business Segments

    Our reportable segments are:

    Healthcare, which consists of their healthcare and life sciences operating segments;

    Products and Resources, which consists of their retail and consumer goods, manufacturing and logistics, travel and hospitality, and energy and utilities operating segments; and

    Communications, Media and Technology, which includes their communications and media operating segment and their technology operating segment.

    Our chief operating decision maker evaluates the Company's performance and allocates resources based on segment revenues and operating profit. Segment operating profit is defined as income from operations before unallocated costs. Generally, operating expenses for each operating segment have similar characteristics and are subject to the same factors, pressures and challenges. However, the economic environment and its effects on industries served by their operating segments may affect revenues and operating expenses to differing degrees.

    Table of Contents

    Results of Operations for the Three Years Ended December 31, 2018

    The following table sets forth certain financial data for the three years ended December 31, 2018:

    % of % of % of Increase/Decrease 2018(1) Revenues 2017 Revenues 2016 Revenues 2018 2017 (Dollars in millions, except per share data) Revenues $ 16,125 100.0 $ 14,810 100.0 $ 13,487 100.0 $ 1,315 $ 1,323 Cost of revenues(2) 9,838 61.0 9,152 61.8 8,108 60.1 686 1,044 Selling, general and administrative expenses(2) 3,026 18.8 2,769 18.7 2,731 20.2 257 38 Depreciation and amortization expense 460 2.9 408 2.8 359 2.7 52 49 Income from operations 2,801 17.4 2,481 16.8 2,289 17.0 320 192 Other income (expense), net (4 ) 174 68 (178 ) 106 Income before provision for income taxes 2,797 17.3 2,655 17.9 2,357 17.5 142 298 Provision for income taxes (698 ) (1,153 ) (805 ) 455 (348 ) Income from equity method investment 2 2 1 - 1 Net income $ 2,101 13.0 $ 1,504 10.2 $ 1,553 11.5 $ 597 $ (49 ) Diluted EPS $ 3.60 $ 2.53 $ 2.55 $ 1.07 $ (0.02 ) Other Financial Information (3) Non-GAAP income from operations and non-GAAP operating margin $ 3,345 20.7 $ 2,912 19.7 $ 2,636 19.5 433 $ 276 Adjusted Income From Operations and Adjusted Operating Margin $ 2,920 18.1 $ 2,553 17.3 $ 2,289 17.0 367 264 Non-GAAP diluted EPS $ 4.57 $ 3.77 $ 3.39 0.80 0.38 Adjusted Diluted EPS $ 4.02 $ 3.42 $ 2.98 $ 0.60 $ 0.44 _________________

    (2) Exclusive of depreciation and amortization expense.

    (3) Non-GAAP income from operations, Adjusted Income from Operations, non-GAAP operating margin, Adjusted Operating Margin, non-GAAP diluted EPS and Adjusted Diluted EPS are not measurements of financial performance prepared in accordance with GAAP. See "Non-GAAP Financial Measures" for more information and reconciliations to the most directly comparable GAAP financial measures.

    Revenues - Overall

    Table of Contents

    Revenues from their top customers as a percentage of total revenues were as follows:

    For the years ended December 31, 2018 2017 2016 Top five customers 8.6 % 8.9 % 10.0 % Top ten customers 15.4 % 14.9 % 16.7 %

    . . .

    Feb 19, 2019

    (c) 1995-2019 Cybernet Data Systems, Inc. All Rights Reserved


    Perspective | What Do Auditors Even Do? | killexams.com real questions and Pass4sure dumps

    In a robust and frank conversation, the insurance legend provides unique insights into global trade, his past battles and what the future holds for the industry and his company.

    In 1960, Maurice “Hank” Greenberg was hired as a vice president of C.V. Starr & Co. At age 35, he had already accomplished a great deal.

    He served his country as part of the Allied Forces that stormed the beaches at Normandy and liberated the Nazi death camps. He fought again during the Korean War, earning a Bronze Star. He held a law degree from New York Law School.

    Now he was ready to make his mark on the business world.

    Even C.V. Starr himself — who hired Mr. Greenberg and later hand-picked him as the successor to the company he founded in Shanghai in 1919 — could not have imagined what a mark it would be.

    Mr. Greenberg began to build AIG as a Starr subsidiary, then in 1969, he took it public. The company would, at its peak, achieve a market cap of some $180 billion and cement its place as the largest insurance and financial services company in history.

    This month, Mr. Greenberg travels to China to celebrate the 100th anniversary of C.V. Starr & Co. That visit occurs at a prickly time in U.S.-Sino relations, as the Trump administration levies tariffs on hundreds of billions of dollars in Chinese goods and China retaliates.

    In September, Risk & Insurance® sat down with Mr. Greenberg in his Park Avenue office to hear his thoughts on the centennial of C.V. Starr, the dynamics of U.S. trade relationships with China and the future of the U.S. insurance industry as it faces the challenges of technology development and talent recruitment and retention, among many others. What follows is an edited transcript of that discussion.

    R&I: One hundred years is quite an impressive milestone for any company. Celebrating the anniversary in China signifies the importance and longevity of that relationship. Can you tell us more about C.V. Starr’s history with China?

    Hank Greenberg: We have a long history in China. I first went there in 1975. There was little there, but I had business throughout Asia, and I stopped there all the time. I’d stop there a couple of times a year and build relationships.

    When I first started visiting China, there was only one state-owned insurance company there, PICC (the People’s Insurance Company of China); it was tiny at the time. They helped them to grow.

    I also received the first foreign life insurance license in China, for AIA (The American International Assurance Co.). To date, there has been no other foreign life insurance company in China. It took me 20 years of hard work to get that license.

    We also introduced an agency system in China. They had none. Their life company employees would get a salary whether they sold something or not. With the agency system of course you get paid a commission if you sell something. Once that agency system was installed, it went on to create more than a million jobs.

    R&I: So Starr’s success has meant success for the Chinese insurance industry as well.

    Hank Greenberg: That’s partly why we’re going to be celebrating that anniversary there next month. That celebration will occur alongside that of IBLAC (International Business Leaders’ Advisory Council), an international business advisory group that was put together when Zhu Rongji was the mayor of Shanghai [Zhu is since retired from public life]. He asked me to start that to attract foreign companies to invest in Shanghai.

    “It turns out that it is harder [for China] to change, because they have one leader. My guess is that we’ll work it out sooner or later. Trump and Xi have to meet. That will result in some agreement that will get to them and they will have to finish the rest of the negotiations. I believe that will happen.” — Maurice “Hank” Greenberg, chairman and CEO, C.V. Starr & Co. Inc.

    Shanghai and China in general were just coming out of the doldrums then; there was a lack of foreign investment. Zhu asked me to chair IBLAC and to help get it started, which I did. I served as chairman of that group for a couple of terms. I am still a part of that board, and it will be celebrating its 30th anniversary along with their 100th anniversary.

    We have a good relationship with China, and we’re candid as you can tell from the op-ed I published in the Wall Street Journal. I’m told that my op-ed was received quite well in China, by both Chinese companies and foreign companies doing business there.

    On August 29, Mr. Greenberg published an opinion piece in the WSJ reminding Chinese leaders of the productive history of U.S.-Sino relations and suggesting that Chinese leaders take pragmatic steps to ease trade tensions with the U.S.

    R&I: What’s your outlook on current trade relations between the U.S. and China?

    Hank Greenberg: As to the current environment, when you are in negotiations, every leader negotiates differently.

    President Trump is negotiating based on his well-known approach. What’s different now is that President Xi (Jinping, General Secretary of the Communist Party of China) made himself the emperor. All the past presidents in China before the revolution had two terms. He’s there for life, which makes things much more difficult.

    R&I: Sure does. You’ve got a one- or two-term president talking to somebody who can wait it out. It’s definitely unique.

    Hank Greenberg: So, clearly a lot of change is going on in China. Some of it is good. But as I said in the op-ed, China needs to be treated like the second largest economy in the world, which it is. And it will be the number one economy in the world in not too many years. That means that you can’t use the same terms of trade that you did 25 or 30 years ago.

    They want to have access to their market and other markets. Fine, but you have to have reciprocity, and they have not been very good at that.

    R&I: What stands in the way of that happening?

    Hank Greenberg: I think there are several substantial challenges. One, their structure makes it very difficult. They have a senior official, a regulator, who runs a division within the government for insurance. He keeps that job as long as he does what leadership wants him to do. He may not be sure what they want him to do.

    For example, the president made a speech many months ago saying they are going to open up banking, insurance and a couple of additional sectors to foreign investment; nothing happened.

    The reason was that the head of that division got changed. A new administrator came in who was not sure what the president wanted so he did nothing. Time went on and the international community said, “Wait a minute, you promised that you were going to do that and you didn’t do that.”

    So the structure is such that it is very difficult. China can’t react as fast as it should. That will change, but it is going to take time.

    R&I: That’s interesting, because during the financial crisis in 2008 there was talk that China, given their more centralized authority, could react more quickly, not less quickly.

    Hank Greenberg: It turns out that it is harder to change, because they have one leader. My guess is that we’ll work it out sooner or later. Trump and Xi have to meet. That will result in some agreement that will get to them and they will have to finish the rest of the negotiations. I believe that will happen.

    R&I: Obviously, you have a very unique perspective and experience in China. For American companies coming to China, what are some of the current challenges?

    Hank Greenberg: Well, they very much want to do business in China. That’s due to the sheer size of the country, at 1.4 billion people. It’s a very big market and not just for insurance companies. It’s a whole range of companies that would like to have access to China as easily as Chinese companies have access to the United States. As I said previously, that has to be resolved.

    It’s not going to be easy, because China has a history of not being treated well by other countries. The U.S. has been pretty good in that way. They haven’t taken advantage of China.

    R&I: Your op-ed was very enlightening on that topic.

    Hank Greenberg: President Xi wants to rebuild the “middle kingdom,” to what China was, a great country. Part of that was his takeover of the South China Sea rock islands during the Obama Administration; they did nothing. It’s a little late now to try and do something. They promised they would never militarize those islands. Then they did. That’s a real problem in Southern Asia. The other countries in that region are not happy about that.

    R&I: One thing that has differentiated your company is that it is not a public company, and it is not a mutual company. They think you’re the only large insurance company with that structure at that scale. What advantages does that give you?

    Hank Greenberg: Two things. First of all, we’re more than an insurance company. They have the traditional investment unit with the insurance company. Then they have a separate investment unit that they started, which is very successful. So they have a source of income that is diverse. They don’t have to underwrite business that is going to lose a lot of money. Not knowingly anyway.

    R&I: And that’s because you are a private company?

    Hank Greenberg: Yes. They attract a different type of person in a private company.

    R&I: Do you think that enables you to react more quickly?

    Hank Greenberg: Absolutely. When they left AIG there were three of us. Myself, Howie Smith and Ed Matthews. Howie used to run the internal financials and Ed Matthews was the investment guy coming out of Morgan Stanley when I was putting AIG together. They started with three people and now they have 3,500 and growing.

    “I think technology can play a role in reducing operating expenses. In the last 70 years, you have seen the expense ratio of the industry rise, and I’m not sure the industry can afford a 35 percent expense ratio. But while technology can help, some additional fundamental changes will also be required.” — Maurice “Hank” Greenberg, chairman and CEO, C.V. Starr & Co. Inc.

    R&I:  You being forced to leave AIG in 2005 really was an injustice, by the way. AIG wouldn’t have been in the position it was in 2008 if you had still been there.

    Hank Greenberg: Absolutely not. They had all the right things in place. They met with the financial services division once a day every day to make sure they stuck to what they were supposed to do. Even Hank Paulson, the Secretary of Treasury, sat on the stand during my trial and said that if I’d been at the company, it would not have imploded the way it did.

    R&I: And that fateful decision the AIG board made really affected the course of the country.

    Hank Greenberg: So many people lost all of their net worth. The new management was taking on billions of dollars’ worth of risk with no collateral. They had decimated the internal risk management controls. And the government takeover of the company when the financial crisis blew up was grossly unfair.

    From the time it went public, AIG’s value had increased from $300 million to $180 billion. Thanks to Eliot Spitzer, it’s now worth a fraction of that. His was a gross misuse of the Martin Act. It gives the Attorney General the power to investigate without probable cause and bring fraud charges without having to prove intent. Only in New York does the law grant the AG that much power.

    R&I: It’s especially frustrating when you consider the quality of his own character, and the scandal he was involved in.

    In early 2008, Spitzer was caught on a federal wiretap arranging a meeting with a prostitute at a Washington Hotel and resigned shortly thereafter.

    Hank Greenberg: Yes. And it’s been successive. Look at Eric Schneiderman. He resigned earlier this year when it came out that he had abused several women. And this was after he came out so strongly against other men accused of the same thing. To me it demonstrates hypocrisy and abuse of power.

    Schneiderman followed in Spitzer’s footsteps in leveraging the Martin Act against numerous corporations to generate multi-billion dollar settlements.

    R&I: Starr, however, continues to thrive. You said you’re at 3,500 people and still growing. As you continue to expand, how do you deal with the challenge of attracting talent?

    Hank Greenberg: They did something last week.

    On September 16th, St. John’s University announced the largest gift in its 148-year history. The Starr Foundation donated $15 million to the school, establishing the Maurice R. Greenberg Leadership Initiative at St. John’s School of Risk Management, Insurance and Actuarial Science.

    Hank Greenberg: They have recruited from St. John’s for many, many years. These are young people who want to be in the insurance industry. They don’t get into it by accident. They study to become proficient in this and they have recruited some very qualified individuals from that school. But they also recruit from many other universities. On the investment side, outside of the insurance industry, they also recruit from Wall Street.

    R&I: We’re very interested in how you and other leaders in this industry view technology and how they’re going to use it.

    Hank Greenberg: I think technology can play a role in reducing operating expenses. In the last 70 years, you have seen the expense ratio of the industry rise, and I’m not sure the industry can afford a 35 percent expense ratio. But while technology can help, some additional fundamental changes will also be required.

    R&I: So as the pre-eminent leader of the insurance industry, what do you see in terms of where insurance is now an where it’s going?

    Hank Greenberg: The country and the world will always need insurance. That doesn’t mean that what they have today is what we’re going to have 25 years from now.

    How quickly the change comes and how far it will go will depend on individual companies and individual countries. Some will be more brave than others. But change will take place, there is no doubt about it.

    More will go on in space, there is no question about that. We’re involved in it right now as an insurance company, and it will get broader.

    One of the things you have to worry about is it’s now a nuclear world. It’s a more dangerous world. And again, they have to find some way to deal with that.

    So, change is inevitable. You need people who can deal with change.

    R&I:  Is there anything else, Mr. Greenberg, you want to comment on?

    Hank Greenberg: I think I’ve covered it. &



    Direct Download of over 5500 Certification Exams

    3COM [8 Certification Exam(s) ]
    AccessData [1 Certification Exam(s) ]
    ACFE [1 Certification Exam(s) ]
    ACI [3 Certification Exam(s) ]
    Acme-Packet [1 Certification Exam(s) ]
    ACSM [4 Certification Exam(s) ]
    ACT [1 Certification Exam(s) ]
    Admission-Tests [13 Certification Exam(s) ]
    ADOBE [93 Certification Exam(s) ]
    AFP [1 Certification Exam(s) ]
    AICPA [2 Certification Exam(s) ]
    AIIM [1 Certification Exam(s) ]
    Alcatel-Lucent [13 Certification Exam(s) ]
    Alfresco [1 Certification Exam(s) ]
    Altiris [3 Certification Exam(s) ]
    Amazon [2 Certification Exam(s) ]
    American-College [2 Certification Exam(s) ]
    Android [4 Certification Exam(s) ]
    APA [1 Certification Exam(s) ]
    APC [2 Certification Exam(s) ]
    APICS [2 Certification Exam(s) ]
    Apple [69 Certification Exam(s) ]
    AppSense [1 Certification Exam(s) ]
    APTUSC [1 Certification Exam(s) ]
    Arizona-Education [1 Certification Exam(s) ]
    ARM [1 Certification Exam(s) ]
    Aruba [6 Certification Exam(s) ]
    ASIS [2 Certification Exam(s) ]
    ASQ [3 Certification Exam(s) ]
    ASTQB [8 Certification Exam(s) ]
    Autodesk [2 Certification Exam(s) ]
    Avaya [96 Certification Exam(s) ]
    AXELOS [1 Certification Exam(s) ]
    Axis [1 Certification Exam(s) ]
    Banking [1 Certification Exam(s) ]
    BEA [5 Certification Exam(s) ]
    BICSI [2 Certification Exam(s) ]
    BlackBerry [17 Certification Exam(s) ]
    BlueCoat [2 Certification Exam(s) ]
    Brocade [4 Certification Exam(s) ]
    Business-Objects [11 Certification Exam(s) ]
    Business-Tests [4 Certification Exam(s) ]
    CA-Technologies [21 Certification Exam(s) ]
    Certification-Board [10 Certification Exam(s) ]
    Certiport [3 Certification Exam(s) ]
    CheckPoint [41 Certification Exam(s) ]
    CIDQ [1 Certification Exam(s) ]
    CIPS [4 Certification Exam(s) ]
    Cisco [318 Certification Exam(s) ]
    Citrix [48 Certification Exam(s) ]
    CIW [18 Certification Exam(s) ]
    Cloudera [10 Certification Exam(s) ]
    Cognos [19 Certification Exam(s) ]
    College-Board [2 Certification Exam(s) ]
    CompTIA [76 Certification Exam(s) ]
    ComputerAssociates [6 Certification Exam(s) ]
    Consultant [2 Certification Exam(s) ]
    Counselor [4 Certification Exam(s) ]
    CPP-Institue [2 Certification Exam(s) ]
    CPP-Institute [1 Certification Exam(s) ]
    CSP [1 Certification Exam(s) ]
    CWNA [1 Certification Exam(s) ]
    CWNP [13 Certification Exam(s) ]
    Dassault [2 Certification Exam(s) ]
    DELL [9 Certification Exam(s) ]
    DMI [1 Certification Exam(s) ]
    DRI [1 Certification Exam(s) ]
    ECCouncil [21 Certification Exam(s) ]
    ECDL [1 Certification Exam(s) ]
    EMC [129 Certification Exam(s) ]
    Enterasys [13 Certification Exam(s) ]
    Ericsson [5 Certification Exam(s) ]
    ESPA [1 Certification Exam(s) ]
    Esri [2 Certification Exam(s) ]
    ExamExpress [15 Certification Exam(s) ]
    Exin [40 Certification Exam(s) ]
    ExtremeNetworks [3 Certification Exam(s) ]
    F5-Networks [20 Certification Exam(s) ]
    FCTC [2 Certification Exam(s) ]
    Filemaker [9 Certification Exam(s) ]
    Financial [36 Certification Exam(s) ]
    Food [4 Certification Exam(s) ]
    Fortinet [13 Certification Exam(s) ]
    Foundry [6 Certification Exam(s) ]
    FSMTB [1 Certification Exam(s) ]
    Fujitsu [2 Certification Exam(s) ]
    GAQM [9 Certification Exam(s) ]
    Genesys [4 Certification Exam(s) ]
    GIAC [15 Certification Exam(s) ]
    Google [4 Certification Exam(s) ]
    GuidanceSoftware [2 Certification Exam(s) ]
    H3C [1 Certification Exam(s) ]
    HDI [9 Certification Exam(s) ]
    Healthcare [3 Certification Exam(s) ]
    HIPAA [2 Certification Exam(s) ]
    Hitachi [30 Certification Exam(s) ]
    Hortonworks [4 Certification Exam(s) ]
    Hospitality [2 Certification Exam(s) ]
    HP [750 Certification Exam(s) ]
    HR [4 Certification Exam(s) ]
    HRCI [1 Certification Exam(s) ]
    Huawei [21 Certification Exam(s) ]
    Hyperion [10 Certification Exam(s) ]
    IAAP [1 Certification Exam(s) ]
    IAHCSMM [1 Certification Exam(s) ]
    IBM [1532 Certification Exam(s) ]
    IBQH [1 Certification Exam(s) ]
    ICAI [1 Certification Exam(s) ]
    ICDL [6 Certification Exam(s) ]
    IEEE [1 Certification Exam(s) ]
    IELTS [1 Certification Exam(s) ]
    IFPUG [1 Certification Exam(s) ]
    IIA [3 Certification Exam(s) ]
    IIBA [2 Certification Exam(s) ]
    IISFA [1 Certification Exam(s) ]
    Intel [2 Certification Exam(s) ]
    IQN [1 Certification Exam(s) ]
    IRS [1 Certification Exam(s) ]
    ISA [1 Certification Exam(s) ]
    ISACA [4 Certification Exam(s) ]
    ISC2 [6 Certification Exam(s) ]
    ISEB [24 Certification Exam(s) ]
    Isilon [4 Certification Exam(s) ]
    ISM [6 Certification Exam(s) ]
    iSQI [7 Certification Exam(s) ]
    ITEC [1 Certification Exam(s) ]
    Juniper [64 Certification Exam(s) ]
    LEED [1 Certification Exam(s) ]
    Legato [5 Certification Exam(s) ]
    Liferay [1 Certification Exam(s) ]
    Logical-Operations [1 Certification Exam(s) ]
    Lotus [66 Certification Exam(s) ]
    LPI [24 Certification Exam(s) ]
    LSI [3 Certification Exam(s) ]
    Magento [3 Certification Exam(s) ]
    Maintenance [2 Certification Exam(s) ]
    McAfee [8 Certification Exam(s) ]
    McData [3 Certification Exam(s) ]
    Medical [69 Certification Exam(s) ]
    Microsoft [374 Certification Exam(s) ]
    Mile2 [3 Certification Exam(s) ]
    Military [1 Certification Exam(s) ]
    Misc [1 Certification Exam(s) ]
    Motorola [7 Certification Exam(s) ]
    mySQL [4 Certification Exam(s) ]
    NBSTSA [1 Certification Exam(s) ]
    NCEES [2 Certification Exam(s) ]
    NCIDQ [1 Certification Exam(s) ]
    NCLEX [2 Certification Exam(s) ]
    Network-General [12 Certification Exam(s) ]
    NetworkAppliance [39 Certification Exam(s) ]
    NI [1 Certification Exam(s) ]
    NIELIT [1 Certification Exam(s) ]
    Nokia [6 Certification Exam(s) ]
    Nortel [130 Certification Exam(s) ]
    Novell [37 Certification Exam(s) ]
    OMG [10 Certification Exam(s) ]
    Oracle [279 Certification Exam(s) ]
    P&C [2 Certification Exam(s) ]
    Palo-Alto [4 Certification Exam(s) ]
    PARCC [1 Certification Exam(s) ]
    PayPal [1 Certification Exam(s) ]
    Pegasystems [12 Certification Exam(s) ]
    PEOPLECERT [4 Certification Exam(s) ]
    PMI [15 Certification Exam(s) ]
    Polycom [2 Certification Exam(s) ]
    PostgreSQL-CE [1 Certification Exam(s) ]
    Prince2 [6 Certification Exam(s) ]
    PRMIA [1 Certification Exam(s) ]
    PsychCorp [1 Certification Exam(s) ]
    PTCB [2 Certification Exam(s) ]
    QAI [1 Certification Exam(s) ]
    QlikView [1 Certification Exam(s) ]
    Quality-Assurance [7 Certification Exam(s) ]
    RACC [1 Certification Exam(s) ]
    Real-Estate [1 Certification Exam(s) ]
    RedHat [8 Certification Exam(s) ]
    RES [5 Certification Exam(s) ]
    Riverbed [8 Certification Exam(s) ]
    RSA [15 Certification Exam(s) ]
    Sair [8 Certification Exam(s) ]
    Salesforce [5 Certification Exam(s) ]
    SANS [1 Certification Exam(s) ]
    SAP [98 Certification Exam(s) ]
    SASInstitute [15 Certification Exam(s) ]
    SAT [1 Certification Exam(s) ]
    SCO [10 Certification Exam(s) ]
    SCP [6 Certification Exam(s) ]
    SDI [3 Certification Exam(s) ]
    See-Beyond [1 Certification Exam(s) ]
    Siemens [1 Certification Exam(s) ]
    Snia [7 Certification Exam(s) ]
    SOA [15 Certification Exam(s) ]
    Social-Work-Board [4 Certification Exam(s) ]
    SpringSource [1 Certification Exam(s) ]
    SUN [63 Certification Exam(s) ]
    SUSE [1 Certification Exam(s) ]
    Sybase [17 Certification Exam(s) ]
    Symantec [134 Certification Exam(s) ]
    Teacher-Certification [4 Certification Exam(s) ]
    The-Open-Group [8 Certification Exam(s) ]
    TIA [3 Certification Exam(s) ]
    Tibco [18 Certification Exam(s) ]
    Trainers [3 Certification Exam(s) ]
    Trend [1 Certification Exam(s) ]
    TruSecure [1 Certification Exam(s) ]
    USMLE [1 Certification Exam(s) ]
    VCE [6 Certification Exam(s) ]
    Veeam [2 Certification Exam(s) ]
    Veritas [33 Certification Exam(s) ]
    Vmware [58 Certification Exam(s) ]
    Wonderlic [2 Certification Exam(s) ]
    Worldatwork [2 Certification Exam(s) ]
    XML-Master [3 Certification Exam(s) ]
    Zend [6 Certification Exam(s) ]





    References :


    Box.net : https://app.box.com/s/uh8mrz0pbb7gxfr3xw27v6xxwyxp1v40
    zoho.com : https://docs.zoho.com/file/67jzbaa48680795cc4650b66d8dae74bce183






    Back to Main Page





    Killexams exams | Killexams certification | Pass4Sure questions and answers | Pass4sure | pass-guaratee | best test preparation | best training guides | examcollection | killexams | killexams review | killexams legit | kill example | kill example journalism | kill exams reviews | kill exam ripoff report | review | review quizlet | review login | review archives | review sheet | legitimate | legit | legitimacy | legitimation | legit check | legitimate program | legitimize | legitimate business | legitimate definition | legit site | legit online banking | legit website | legitimacy definition | pass 4 sure | pass for sure | p4s | pass4sure certification | pass4sure exam | IT certification | IT Exam | certification material provider | pass4sure login | pass4sure exams | pass4sure reviews | pass4sure aws | pass4sure security | pass4sure cisco | pass4sure coupon | pass4sure dumps | pass4sure cissp | pass4sure braindumps | pass4sure test | pass4sure torrent | pass4sure download | pass4surekey | pass4sure cap | pass4sure free | examsoft | examsoft login | exams | exams free | examsolutions | exams4pilots | examsoft download | exams questions | examslocal | exams practice |

    www.pass4surez.com | www.killcerts.com | www.search4exams.com | http://smresidences.com.ph/