De Vera, Joelo D.
Act 1207 Sec 9
Audit and Risk: Banks
Bank, well most people see bank as an entity that offer services towards their
savings and investment that is how I normally see what a bank is. But according to
Investopedia “A bank is a)financial institution)licensed to receive deposits and make
loans. Banks may also provide financial services such as wealth management, currency
exchange, and)safe deposit boxes. There are several different kinds of banks including
retail banks, commercial or corporate banks, and investment banks. In most countries,
banks are regulated by the national government or central bank.” So, a bank is much
more, it holds varies possibilities along with the features and variety that it has as an
entity. And a bank can be split into multiple forms and most countries operate on a
central bank system. And given the chance once again by the university it is an honor to
have given the opportunity to attend the webinar on Audit and Risk: Banks presented by
Sir Vergel Pavillon. He presented well within how the baking industry cycles. And since I
also have my cousin who works in the bank industry, I started to take part in their work. I
know I have been talking about business about opening business a lot and that’s
because the parents have given me the opportunity to have my own business and they
support me both financially and decision wise. Last semester me and my friend started
up our delivery business we coughed up some cash and we started doing a delivery
business like the riders grab and food panda. At the start the business was doing fine
