Credit and counterparty risks: in a volatile marketplace, internal auditors need to stay focused on the fundamentals when performing derivative audits.
Internal Auditor › Vol. 59 Nbr. 5, October 2002
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Summary
Risk Watch - Interview
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Credit and counterparty risks: in a volatile marketplace, internal auditors need to stay focused on the fundamentals when performing derivative audits.
IT IS NEARLY IMPOSSIBLE to scan through The Wall Street Journal without reading about yet another company in crisis. Although the reasons for these crises vary, credit and counterparty risks--the potential that a party will fail to meet its obligations in accordance with agreed upon terms--seem to be at an all-time high.
Barbara Davison, CIA, CID...See the full content of this document
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