Environment

Pollution

Negative Publicity/Health Hazards

Set tolerable emotion level

Fines And Penalties

Increased operational costs

Improves compliance with environmental requirements

MANAGEMENT

No internal Audit Department

Lack of monitoring of adherence to internal controls and regulatory requirements

Setup an Internal Audit Department

High Possibility of not complying with Environmental Laws

Penal actions

The Board of Directors should ensure that an internal audit department is established