________ is the possibility that the borrower's creditworthiness is reclassified by the lender at the time of renewing credit. _
_______ is the risk of changes in interest rates charged at the time a financial contract rate is set. A) Credit risk; Interest rate risk
B) Repricing risk; Credit risk
C) Interest rate risk; Credit risk
D) Credit risk; Repricing risk
Credit risk is defined as the possibility of a bank borrower failing to meet its requirements in accordance with agreed terms. banking organisation.
Repricing risk is the risk from difference in timing between interest rate changes or cash flows from assets, liabilities, and off-balance sheet instruments
There is a realistic possibility of success if the tax position is challenged.
Explanation:
A CPA should refrain from preparing a tax return which is only based on false numbers, or where the fees of the CPA is dependent on the tax liability generated for the client.
