Internal Control Questionnaires and Verification Procedures

Risk Management

1. Does management develop and maintain underwriting and account management guidelines?

2. Does management monitor adherence to those guidelines?

3. Does management ascertain the quality of the portfolio and assign risk ratings?

4. Does management periodically review policies and procedures for adequacy and assess their impact on portfolio quality?

5. Does management ensure the integrity of scoring systems and other models in use?

Previous: Underwriting and Scoring Models Next: Conclusion