Multiple Choice
An internal auditor for a large bank is reviewing the collectability of a loan that is secured by real property. The best evidence of the loan's collectability would be:
A) A recent independent appraisal of the value of the real property.
B) A document showing the loan committee's approval of the loan.
C) The borrower's confirmation of the loan balance.
D) A properly completed and signed loan application form.
Correct Answer:
Verified
Correct Answer:
Verified
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