Kathy, you did a great job outlining the key issues regarding the lack of internal controls and offering practical solutions to address potential fraud. Your recommendations, such as implementing pre$-$numbered checks, restricting access to stock, and conducting regular audits, are sound and would significantly strengthen the company's internal controls. The emphasis on training employees is also an important point to ensure long$-$term compliance with these controls.

One question to consider: How would you prioritize these changes in terms of immediate implementation? Would you start with an investigation, or focus first on establishing internal controls to prevent further issues? Additionally, how do you plan to ensure that the training on internal controls is both comprehensive and effective, especially for those employees who have access to sensitive processes like check printing and stock management?