Is it possible to develop and evaluate a minimum of six discrete safety policies for a financial system that can be promptly implemented?
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Is it possible to develop and evaluate a minimum of six discrete safety policies for a financial system that can be promptly implemented?
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- Is it possible to devise and evaluate a minimum of six discrete safety policies for a financial system that can be promptly implemented?Is it possible to have at least six separate financial system safety rules written and ready for quick implementation?There should be more money spent on the right level of prudential supervision of the financial system because it is clear that this supervision is needed to avoid financial crises.
- Security breaches in information systems are very commonplace these days even though some organizations have what they believe is good security controls. Because of their vulnerability to threats from hackers, internal personnel, and poor management of Hardware and software devices, security controls always need revisiting.From my perspective as manager of the Accounts and Finance department, every security breach affects this department even if it is just down time to be at meetings, to discuss strategies and costs to repair damages. When the breaches occur, unauthorized access is gained to either, do something malicious to the organization's resources to steal or sabotage data for financial gain.This usually results in the company's reputation/integrity being damaged, Loss of revenue during downtime, high costs to repair and restructure. legal ramifications are expected as well if guilty persons are found or if customers decide to sew for breach of contract and losses.Two Reasons…What is the reason for the insufficient allocation of resources towards prudential financial system regulation despite its potential to curtail excessive risk-taking and avert financial crises?In what ways do internal and external audits aid in risk management?
- The board of directors of a company determines that senior management should be rewarded in order to achieve the company's objectives. The board of directors determines whether to award bonuses based on growth in share value at the conclusion of each fiscal year. Bonuses will be given in stock, which the managers may keep or sell on the open market. What are the ramifications of instituting a rewards scheme like this?Is it feasible to formulate a minimum of six distinct policies aimed at enhancing the security of a financial system, with the intention of implementing them expeditiously?A recommended approach is that the people assigned to implement a risk management program should begin by studying the models presented earlier in this chapter and identifying what each offers to the envisioned process. Once the organization understands what each risk management model offers, it can adapt one that is a good fit for the specific needs at hand. Which risk control strategy would you consider the most effective and why? When should the strategy be used and why should it not be used for all risks?
- Why are more resources not devoted to the adequate prudential supervision of the financial system to limit excessive risk-taking when it is clear that this supervision is needed to prevent financial crises?The purpose and objective of an auditor is to form opinions on whether the operations of an entity are effective and efficient and if financial statements are reliable and do not contain any material misstatements. Once an audit is accepted by an auditor they will need to gather evidence that is sufficient and reliable which will support any opinions that are made by the auditor. The audit process is a logical and systematic process which is planned and implemented in accordance to the audit standards. There are two requirements which should be fulfilled prior to the acceptance of an engagementwhich is to establish if the pre-conditions of the audit exist and ensuring that there is a mutualunderstanding which is present between management, the auditor and individuals who are incharge of governance of the audit engagement. What are the two pre-conditions of an audit?Maintenance strategy, in general, includes corrective, preventive, or condition- based maintenance. However, there are different views on choosing an appropriate maintenance strategy. Among various maintenance strategies, the effectiveness of planned preventive maintenance (PPM) is more challenging by the top management. While the challenge to the problem of leakage between floors is the second most popular complaint received by the Strata Management Tribunal in Malaysia. Identify the challenges of the effectiveness of maintenance strategies and describe the procedures for dealing with leakage between floors in strata buildings. 1.