bank loan(Elounda)

This topic has 1 reply, 2 voices, and was last updated 7 years ago by Kim Smith.

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May 28, 2019 at 5:10 pm #517702
avishco
Participant
- Topics: 17
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Dear Sir,

Can below be considered as substantive procedure to obtain evidence concerning a bank loan(client miss payment):

1)REVIEW LOAN AGREEMENT AND SPECIFICATION.FOR THE LOAN PAYMENT MISSED DISCUSS WITH MGT HOW HE IS WILLING TO REPAY SAME

and
2)ENQUIRE WITH THE BANK BY SENDING CONFIRMATION LETTER. REVIEW IF ANY MORTGAGE OR SECURITY AT RISK

Thank you.
May 28, 2019 at 5:45 pm #517709
Kim Smith
Keymaster
- Topics: 138
- Replies: 8475
I am sorry but I cannot be drawn into responding on suggested answer points. This is a past exam question so you have a published answer and marking scheme for reference.
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