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Fin Corp provides financial services to its clients. They process their clients credit ratings based on various parameters. In one case, the processor made an
Fin Corp provides financial services to its clients. They process their clients credit ratings based on various parameters. In one case, the processor made an input error, during which he inputs R1,000,000 instead of R100,000. As a result, the clients credit rating changed from B to AA (which is more positive than B). Critically evaluate the operational risk exposure in this situation and discuss how this can be mitigated going forward.
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