give concluding statement / remarks on the risk assessment report for the bank

Question

Question

give concluding statement / remarks on the risk assessment report for the bank

business finance

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

The risk assessment report of a bank, presents an analysis on the following risk categories

a) financial risks such as credit risks - default, migration, transaction, etc - market risks (interest rates, Forex, etc.) , liquidity risk and other business risks

b) non-financial risks like those those of reputational risk, infrastructural risks, technological risks, etc.

The risk assessment, weighs in the risks across these fields and evaluates the impacts on the bank - both financially as well as non-financially.

The concluding statement on the risk assessment, summarises these risks and their individual impacts. Along with that, the risk assessment report concludes with the measures needed to cover the bank against these risks.

Add a comment

Answer 2

Similar Homework Help Questions

audit report risk assessment

Bart, Felix & Jeter (BFJ) LLP completed the audit of Silver Sonic Ltd for the financial year ending 30 June 2021 on 15th August 2021. The auditor’s report was signed on 22nd August and given to Silver Sonic’s board of directors and management. Subsequently the company issued the signed audited reports on 30th August 2021.Based on risk assessment, BFJ set the materiality level at $100,000 which is 10% of net profit before tax. The following issues were brought to the...
In the ERM function of a company, risk assessment reviews (RARs) will: Report on risk-related examinations...

In the ERM function of a company, risk assessment reviews (RARs) will: Report on risk-related examinations in key enterprise areas Make recommendations for improving internal controls Make recommendations for reducing risk likelihood All of the above An effective risk management function in a large company would be headed by a ____, an executive whose responsibility is to ascertain that enterprise risks are properly understood and translated into meaningful business requirements, objectives, and metrics. Chief audit executive (CAE) Chief information officer...
Which of the following situations will result in the auditors concluding that the risk of material...

Which of the following situations will result in the auditors concluding that the risk of material misstatement is too high when using non-statistical sampling for substantive tests? The projected misstatement exceeds the tolerable misstatement. The allowance for sampling risk exceeds the projected misstatement. The risk of incorrect acceptance exceeds the risk of incorrect rejection. The tolerable misstatement exceeds the sample net misstatement.

Write a report on Inflation as a part of Macroeconomics in 3000 words. Use diagrams wherever...

Write a report on Inflation as a part of Macroeconomics in 3000 words. Use diagrams wherever required. Please start with A) Introduction [What, Why, How] B) Body of report [Include Subtopics] C) Concluding remarks
The bank statement is a report sent to a depositor by a bank showing the activity in a company's checking account fo...

The bank statement is a report sent to a depositor by a bank showing the activity in a company's checking account for a period of time, usually a month. True O False
HIMT- Risk Management Discussion Topic Describe the role of the incident report in Risk Management. Give...

HIMT- Risk Management Discussion Topic Describe the role of the incident report in Risk Management. Give an example of an incident, and describe something the facility might do as a step in their "incident response" ensure patient's safety and to prevent this type of incident from happening again.

53. After a risk assessment study, a bank with global operations decided to continue doing business...

53. After a risk assessment study, a bank with global operations decided to continue doing business in certain regions of the world where identity theft is widespread. To MOST effectively deal with the risk, the business should: A. Implement monitoring techniques to detect and react to potential fraud. B. Make the customer liable for losses if the customer fails to follow the bank’s advice. C. Increase its customer awareness efforts in those regions. D. Outsource credit card processing to a...
The bank statement dated October 31, 2013, would report a balance of:

On October 31, 2013, your company's records say that the company has $18,893.43 in its checking account. A review of the bank statement shows you have three outstanding checks totaling $7,654.85, and the bank has paid you interest of $21.39 and charged you $17.00 in fees. The bank statement dated October 31, 2013, would report a balance of:a. $11,242.97b. $11,234.19c. $26,543.89d. $26,552.67
Why do businesses need to prepare a bank reconciliation statement and give six examples of the common activities that necessitate a bank reconciliation statement?

Why do businesses need to prepare a bank reconciliation statement and give six examples of the common activities that necessitate a bank reconciliation statement?

Select the ONE INCORRECT statement about a "Risk Assessment Worksheet." Group of answer choices A. This...

Select the ONE INCORRECT statement about a "Risk Assessment Worksheet." Group of answer choices A. This worksheet identifies the mitigation strategies and the contingency plans for managing the risk. B. This worksheet includes a "risk category" to help in categorizing this risk along with all of the other risks the project manager is managing. C. This worksheet contains a "timeline" of when the risk may occur to help with prioritizing this risk along with all of the other risks the...

give concluding statement / remarks on the risk assessment report for the bank

Homework Answers

Add Answer to:
give concluding statement / remarks on the risk assessment report for the bank

Post as a guest

Earn Coins

audit report risk assessment

In the ERM function of a company, risk assessment reviews (RARs) will: Report on risk-related examinations...

Which of the following situations will result in the auditors concluding that the risk of material...

Write a report on Inflation as a part of Macroeconomics in 3000 words. Use diagrams wherever...

The bank statement is a report sent to a depositor by a bank showing the activity in a company's checking account fo...

HIMT- Risk Management Discussion Topic Describe the role of the incident report in Risk Management. Give...

53. After a risk assessment study, a bank with global operations decided to continue doing business...

The bank statement dated October 31, 2013, would report a balance of:

Why do businesses need to prepare a bank reconciliation statement and give six examples of the common activities that necessitate a bank reconciliation statement?

Select the ONE INCORRECT statement about a "Risk Assessment Worksheet." Group of answer choices A. This...

give concluding statement / remarks on the risk assessment report for the bank

Homework Answers

Add Answer to: give concluding statement / remarks on the risk assessment report for the bank

Post as a guest

Earn Coins

Add Answer to:
give concluding statement / remarks on the risk assessment report for the bank