Response to the following problem:
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 .