I want the focus of the audit report to be on the internal control weaknesses and recommendations for improvement. There are a lot of significant internal control weaknesses in this case. You need to identify the ten most significant internal controls weaknesses in the Loom Reclamation Program. Give it a lot of thought. Ask yourself some questions. Here are a couple of suggestions to get you started. What are the objectives of the loom reclamation program? What is preventing NE Textiles from realizing the full benefits of the program? Where are there opportunities for fraud? You may want to flow chart the process as a way of identifying where controls are lacking