Jared is a loan officer at a bank whose responsibilities include taking applications from prospective borrowers.Jared also makes an initial recommendation regarding each loan, although final approval requires the authorization of both a branch manager and a loan specialist at the bank's corporate headquarters.Within the context of a loan transaction, which of the following best pairs a risk with an internal control that will address the risk?
A) Approving a loan for a friend who does not meet the criteria, limit checks
B) Including false or misleading information on the loan application, preformatted data entry screen
C) Submitting an incomplete loan application, preformatted data entry screen
D) Submitting an incomplete loan application, limit checks
Correct Answer:
Verified
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