Joshua Brown is the Chief Audit Executive (CAE) at ABC Bank Limited. He prepared a report on the areas reviewed in 2021 which highlighted numerous risks and discrepancies at ABC Bank Limited. The issues include poor risk management and inadequate portfolio diversification, as the management focused on single industries and invested in areas that they had no competencies. He also highlighted inadequate investment assessment and the lack of monitoring of assets. The bank's high operating cost was also making it difficult to meet them to short term obligations. Other issues include poor quality of management and strategic planning, a failure to exercise due diligence and care when extending credit and an unusually high appetite for risk. Required: Recommend five (5) solutions that ABC Bank Limited should implement to address the risks and issues highlighted in the CAE's report. (10 marks)