Read the article below and answer ALL the questions that follow.

The Risk$-$Ridden Road: Ntabankulu Corporation Ntabankulu Corporation, a multinational conglomerate, provides a compelling case of a company grappling with multifrisks. Firstly, financial risk is evident due to the company's high debt levels and interest$-$bearing liabilities. This expos them to interest rate risk, as any increase in rates would inflate their interest expenses, putting a strain on profitabilit

Nlabankulu has extensive trade credit and customer receivables, making them susceptible to defaults by custome especially during this time when there is constrained economic growth and high unemployment. Market risk is pressing concern as well, with the company's extensive equity holdings, which can lead to significant losses if equit prices plummet. As an international conglomerate, Ntabankulu exports to Europe and Asian markets. Currence

fluctuations impacts their income, especially when they need to repatriate foreign earnings. Commodity risk furthe compounds their issues, as they rely on raw materials subject to volatile price fiuctuations, potentially affecting production costs and product pricing. In the face of these multiple risks, the audit committee at Ntabankulu Corporation has faced severe criticism for its failure to adequately supervise and control risk management. They have not put in place sufficient monitoring mechanisms or policies to assess the company's exposure to these risks. Consequently, the lack of oversight has allowed risk levels to accumulate, threatening the company's financial stability. The audit committee should have played a crucial role in proactively identifying, mitigating, and managing these risks. Their inability to do $50$ has not only left the company exposed to potential financial crises but has also eroded investor confidence, damaging the company's reputation. This case underscores the critical importance of effective enterprise risk management and the need for audit committees to take a proactive role in ensuring a company's financial stability and long$-$term success.

Question $1$

$1\mathrm{.}1$

Ntabankulu Corporation, a multinational conglomerate, provides a compelling case of a company grappling wilh muitpierisks. Critically examine ANY FIVE $(5)$ risks faced by Nlabankulu Corporation as a resuli of poor risk management and lack of oversight.

$1\mathrm{.}2$

In the face of these multiple risks, the audit committee at Ntabankulu Corporation has faced severe mnncism lor to faliwe to adequately supervise and control risk management. Discuss the roles and responsibilities of the audil commiltee and evaluate how these wound help to mingate agginst the multiple risks faced by Ntabankulu Corporation.