Which of the following statements is false regarding credit risk analysis? 39 Multiple Choice 3.37 points ( 8 01:12:25 0 O A simple alternative to credit risk analysis is to rely on credit reports issued by third parties. 0 ) Certain financial statement ratios are very useful in predicting loan default. 0 A comprehensive credit risk analysis Involves evaluating and summarizing the various Individual risks associated with a loan. 0 Credit risk is not affected by the aggressive application of accounting standards since cash flows are not Impacted by financial reporting choices