(b)   The assistance manager serves as the witness. This means that he will have to monitor and make sure that Peter is able to do the task properly

(b)   board of directors - The board of directors will hold a meeting quarterly to review the company’s performance, access the strategies for improvement, performance of the staff and deciding on the remuneration 

b) Internal Control - This is because Peter is the floor manager and is required to count the money while there is an assistant with him as evidence. 

b) Board of Directors - This is because the meeting is held by the board of directors who are part of the company. They take in charge of the performance of the staff and take charge of the company’s performance. For example, for those management staff who do not perform up to their expectation are asked to leave. 

(b)   Competition - The company has been faced with fierce competition and by having competition, it will help to improve Republic financial competition to prevent from winding up

b) Competition – This is because when Republic start to face market competition, they will start to think out of the box and find ways to beat them and improve themselves. This competition will help them to improve their financial performance. 

b) Audit Committee – Adam and his team oversee the internal and external audit of TCC Corporation and they report their findings to the board directly. 

(b)   Audit - He and his small team of 3 to 4 directors are part of the committee to oversee the internal and external audit of TCC. This means they oversee the whole operation.

(b)   Companies are governed with the companies act and statutory provision are included to prevent fraud and misconduct

b) Legal and Regulatory Framework – They educate the companies on the penalties for fraud and misconduct as part of them knowing what the corporate rights are and that they should be following it. 

b)The mechanism is internal control as the procedure was implemented by top management to ensure reliable financial reporting and compliance with law and regulation.

b)The mechanism is board of directions as they have the authority to fire, compensate top management.

b)The mechanism is competition as Republic constantly thinks of new ways to improve its product or it will become a backwater.

b) Management – Valerie implements strict safety procedures for her staff to follow. She requires them to submit in monthly reports on workplace accidents and works closely with the junior managers. 

(a)   Internal

(b)   Management – She requires her staff to submit reports on workplace accident that have taken place and work closely with junior managers to ensure same thing will not occur