Demonstrate how the credit risk management issue(s) in the Washington Mutual case can be resolved through the application of a risk management model

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter9: Auditing The Revenue Cycle.
Section: Chapter Questions
Problem 15CYBK
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Washington Mutual was a US Bank which went bankrupt at the end of 2008 due to a number of risk management issues. Read the case noted in the link below and answer the following questions:

https://www.thebalancemoney.com/washington-mutual-how-wamu-went-bankrupt-3305620

Demonstrate how the credit risk management issue(s) in the Washington Mutual case can be resolved through the application of a risk management model 

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