3. Instructions Flashcards
1
Q
Explain the client and job take-on procedures
A
- Objectivity and independence: Conflict checking procedures
- Red Book Global and client requirements: Terms of engagementThe
2
Q
Is there any further checks you would do when instructed for loan security purposes?
A
Yes - conduct a check on the borrower as well as the clent (lender) and the property
3
Q
Give examples of fraud risks in secured lending and prevention measures
A
4
Q
Describe a banks service level agreement. What is included? Which section of the Red Book does this relate to?
A
5
Q
Describe a banks instruction letter. What is included? Which section of the Red Book does this relate to?
A
