Internal controls can be defined as a vital mechanism within an organisation and it could be argued that the pandemic crisis has created a number of challenges. Internal controls can be regarded as The plan of an organisation is to coordinate the adopted methods within a business to safeguard its assets, check the accuracy and reliability of its accounting data, promote operational efficiency, and encourage adherence to prescribed managerial policies and reduce the various risks affecting the business from the global environment Adapted Moeller Robert R, Sarbanes Oxley Internal Controls

Required: Write a report that critically evaluates the above statement and using the information from a UK listed companys current annual report on how they manage and assess risk, explain their risk strategy using appropriate risk management theories and practice. In addition, discuss how this strategy might be affected by the challenges caused by the pandemic.