The Following Are the Risks Identified by RBI Assessment That

question 66

Multiple Choice

The following are the risks identified by RBI assessment that may be managed by actions other than inspection. Except one

• A) Modification of the process to eliminate conditions driving the risk
• B) Modification of operating procedures to avoid situations driving the risk
• C) Chemical treatment of the process to reduce deterioration rates/susceptibilities
• D) Identifying and detecting deterioration and predicting future deterioration states with advanced inspection technique(s)

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Definitions:

Solvency

The ability of a company to meet its long-term financial obligations and continue its operations in the long term.

Accounting Standards

Principles that guide and standardize accounting practices to ensure financial statements are prepared consistently and transparently.

Evidential Matter

Evidential matter comprises all the documents, confirmations, and information gathered by auditors to substantiate their opinion on the financial statements' fairness.

Analysis Overview

A summary or brief outline that highlights the key points and findings of a detailed analysis.