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

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter4: Professional Legal Liability
Section: Chapter Questions
Problem 12CYBK
icon
Related questions
Question

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
Expert Solution
Step 1

Investment Banking

Investment banking is a banking operation that helps individuals or organisations to raise capital and also provides financial consultancy to them. They act as an intermediaries between the investors and the security issuers, and also help firms in order to go public by either buying their shares and reselling them to the publicor sell shres on behalf of them and take commission.

Security Rating

Security rating also known as cyber security ratings are the measurement of an organisation's performance based on their data. it is useful to manage risks during inter organisational transactions.

 

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Audit Evidence and Documentation
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Auditing: A Risk Based-Approach (MindTap Course L…
Auditing: A Risk Based-Approach (MindTap Course L…
Accounting
ISBN:
9781337619455
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
Cengage Learning
Auditing: A Risk Based-Approach to Conducting a Q…
Auditing: A Risk Based-Approach to Conducting a Q…
Accounting
ISBN:
9781305080577
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
South-Western College Pub
Contemporary Auditing
Contemporary Auditing
Accounting
ISBN:
9781337650380
Author:
KNAPP
Publisher:
Cengage
Intermediate Financial Management (MindTap Course…
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning
Financial Accounting Intro Concepts Meth/Uses
Financial Accounting Intro Concepts Meth/Uses
Finance
ISBN:
9781285595047
Author:
Weil
Publisher:
Cengage