To safeguard against future fraudulent activities and manipulations of financial statements, adopting comprehensive internal controls and practices to reduce the chance for deceitful acts is crucial. Here's a strategy leveraging the provided insights to tackle these challenges: Division of Responsibilities and Enforcement: Utilize stringent enforcement measures and divide responsibilities among employees to avoid giving complete control over essential financial transactions to an individual. Frequent Financial Reviews: Perform regular reviews of the company's financial records to identify discrepancies early on and guarantee their reliability. Principle-Based Leadership: Foster a work atmosphere grounded in ethical principles, with top executives setting the standard. Adoption of Advanced Accounting Systems: Employ sophisticated ERP accounting systems that support automated processes, facilitate duties division, enhancing monitoring capacities during audits. Education on Fraud Prevention: Equip staff with knowledge about identifying and reporting dishonest practices alongside establishing mechanisms for internal alerts. Reward System Refinement: Construct bonus schemes that do not motivate deceptive conduct by focusing rewards on long-term achievements instead of short-term fiscal results. Constant Awareness: Maintain ongoing diligence in observing potential fraud indicators such as unexplained surges in revenues or shifts in employee behavior. how do I respond to this