Task ABC Company is a medium size retail store operating in western suburb in NSW. Last three years Company’s profits have been declining and the shareholders were worried about this. Last general meeting shareholders requested to change the CEO. New CEO has been appointed and internal audit has been p e r f o r m e d . As a qualified accounting professional you are asked to prepare an internal management report to address weaknesses of the operation and recommend the changes to be made to them to ensure the organization remains compliant with statutory requirements.

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