Computerized Auditing Question

Climate-related risks can drive financial risks such as credit, market, liquidity and insurance risks for banks. They can also lead to strategic and operational risks or reputational damage. One emerging practice in climate-related risk analysis is developing scenarios (i.e., a series of possible future states) to identify potential exposures to climate-related risks, and assess their implications on an institutions business or IT strategy. Scenarios can also be used to stress test not only the companys financial resilience to severe but plausible climate-related shocks on individual assets, but also its IT and operational resilience. As the banks IT auditor, suggest five (5) recommendations the bank could implement for its DRP to have the readiness for the next severe weather event.