Intro to Mortgage Origination Examinations Training - July 2025

Internal Use Only

Knowledge Check #4 What practice best supports the principle of disclosure and transparency in corporate governance? A. Releasing financial information only when requested by shareholders B. Providing timely and accurate information on financial performance, ownership and governance to stakeholders C. Keeping governance practices confidential to protect competitive advantage D. Allowing only board members to access internal audit reports

Internal Use Only

Knowledge Check #5 It is the responsibility of middle management and not the board of directors to establish and oversee the company’s compliance and internal control systems. A. True B. False