Answer to Question #177128 in Management for patricia connor

Question

Discuss the importance of an internal risk assessment and auditing process in relation to Washington Mutual

Answer 1

Washington mutual is a savings bank in the united state that was leading the loans and savings industry untill it's closure in 2008. Risk assessment and internal auditing processes enable an organization to identify stitches in it's financial statements na take an appropriate corrective action. Auditing also enable an organization to avoid additional costs associated with risks.