What are the differences between credit risk, market risk, and operational risk?
What will be an ideal response?
Credit risk is the risk that a company or government will default on its promised payments on a loan or a bond. Market risk is the risk of losses in trading positions when prices move adversely. Operational risk is the risk of direct or indirect loss resulting from inadequate or failed internal processes, people, and systems or from external events, such as computer failure, poor documentation, or fraud.
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Role ________ dictate the way members should interact with one another to perform their specific roles
A) relationships B) policies C) negotiations D) privileges
List the types of opinions that may be issued by an auditor on a company's financial statements and explain the circumstances under which is issued
What will be an ideal response?