Q.71Xiao Bing, head of compliance at OceanAsian Bank, quoted a key governance principle related to risk dataaggregation provided by the Basel Committee, which states that "a bank should be able to generate aggregaterisk data to meet a broad range of on-demand, ad hoc risk management reporting requests, including requestsduring stress/crisis situations, requests due to changing internal needs and requests to meet supervisoryqueries".Which of the following principles is Bing referring to?ABDAccuracy and IntegrityCompletenessAdaptabilityFRM Part 1 & 11 CartVTimeliness

Brief idea on Basel Committee's Principles for effective risk data aggregation & risk…

Answered: Q.71 Xiao Bing, head of compliance at…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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1. Please explain main points of Docket 046: Quality Control (PCAOB). 2. What is/was the major focus of that standard - setting project concerning standard - setting activity? 3. Why does the subject matter to accountants and auditors in the future? 4. What was the result or conclusion reached (if the standard has been issued already), or what seems to be the main direction of the standard - setting project as of the date you reviewed it? 5. How might practitioners apply the article's recommendations or strategies in the real world of the auditing profession?
Please ASAP
Which of the following should a bank do if they wish to engage in both security rating and investment banking? Group of answer choices a. Restrict prepublication of analyst reports to research personnel only b. Base compensation for analysts on positive ratings of securities c. Place analysts in the supervisory organization under sales personnel d. All of the above
you have been engaged as a consultant for Zenith Bank Ghana LTD. Draw up a comprehensive fraud risk assessement that would incorporate a formal process of accountability and reponsibility going forward for Zenith Ghana Ltd.
Q3. Auditing involves the following except___ a. Systematic process b. Objectively obtaining evidence c. Assertions and established criteria d. Investment decisions
Based on your readings to date we observed that monitoring and stressing risks of the commercial banks gave the regulator insight about some possible vulnerabilities. Provide details as to the benefit to the financial institution and their consumers of measuring or mitigating against risks.
13. When the auditors obtain an understanding of internal control for the financing cycle documentation will frequently include a written description as well as a(n): Group of answer choices Decision table List of audit objectives Internal control questionnaire Summary of tests of controls
21. Which of the following control objectives in the General Ledger activities under the Record-to-Report process is least likely to have more extensive audit procedures for a business in an industry with fewer regulations? Group of answer choices To ensure that the accounting data is capable of meaningful and accurate analysis to support management decisions and actions. To ensure that the accounting information can be used to generate all the required statutory published accounting statements. To ensure that the general ledger and management accounts are accurate, reliable, and appropriately reflect the structure and operations of the organization. To ensure that the accounting records are maintained in accordance with the prevailing laws, regulations, and professional good practice.
10. Please help me asap!!!
2. Standards requires auditors to obtain sufficient knowledge of the organization’s risk assessment procedures to understand how management identifies, prioritizes and manages financial reporting risk. List five circumstances that can cause risks to arise or change. Please answwer this thank youuuuu:)
Accounting The internal audit group at Freshfield Inc., a produce wholesaler, has tested the company’s IT controls and found security weaknesses in its e-commerce system. This is an example of which type of enterprise risk? a) Strategic risk b) Compliance risk c) Operational risk d) Reporting risk.
Question 7 Z scores are: A. Used to evaluate the quality of imaged files B. Used to identify outliers in data C. A fraud score based on ISO standards D. Issued by the SEC to identify public companies that are experiencing risk assurance problem ReplyForward

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