Question 1 Confidence in company reporting depends on the effectiveness of the internal controls and risk management pro

[answerhappygod]

Question 1
Confidence in company reporting depends on the effectiveness of
the internal controls and risk management processes that directors
put in place and oversee. High-profile firm failures where weak
internal controls and poor risk management have been evident have
eroded that confidence.
A) Explain the need for strengthening the internal control
framework for Fijian businesses? What would you see as the
principal benefits of stronger regulation of internal controls?
B) Should External audits of the internal controls be
mandatory for Fijian businesses. Explain your answer