Please correct answer and don't used hand raiting FinTech Group provides financial services to its clients. They process their client's credit ratingsbased on various parameters. In one case, the processor made an input error, during whichhe inputs R100,000 instead of R1,000,000. As a result, the client's credit rating changed fromAA to C (which is less positive than AA). Critically evaluate the operational risk exposure in thissituation and discuss how such incidences can be mitigated going forward.

Step 1: Explained above Step 2: Step 3: Step 4:

Answered: FinTech Group provides financial…

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter9: Auditing The Revenue Cycle.

Section: Chapter Questions

Problem 15CYBK

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