=+Bank has instituted a policy whereby he has the individual authority to approve loans up to $5,000,000.
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=+Bank has instituted a policy whereby he has the individual authority to approve loans up to $5,000,000. The president believes that this policy will allow flexibility to approve loans to valued clients much quicker than under the previous policy.
As an internal auditor of First Kenmore Bank, how would you respond to this change in policy?
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