Auditing and Assurance Services

  The Heath International Holdings (HIH) was founded in 1968 and became  public in 1998. HIH is considered as the largest company collapse in  Australia. Prior to its collapse Even in the year of its demise, HIH was  generally considered a conservative and financially healthy business  with assets exceeding $8.1 billion. When HIH went into liquidation in  March 2001 it left behind debts more than $5 billion. 

Required;

Identify weaknesses of HIH’s internal controls and suggest ways for improvement.

word limit 600 

reference style -Harvard