. 1. Comment on the efficacy or otherwise of internal

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1. Comment on the efficacy or otherwise of internal control systems of NPD relating to its cash receipts?

2. How efficient was the company’s HR department?

3. Was it the weakness of the system or failure by managers to follow the system properly that led to the fraud. Justify your answer?

4. List the records that must be inspected by Bashir Orakzai in the process of completing his investigation?

5. Keeping in view the context of Audit Reports, which type of report is expected if the situation is not sorted out before audit? What recommendations should Bashir Orakzai make in his Investigation report?

6. List various lapses of internal control that had taken place in case of Gul Khan’s work?