(d) Draft a letter for Tim Blake to send to WM’s investors to include the follow

(d) Draft a letter for Tim Blake to send to WM’s investors to include the following:

(i) why you believe robust internal controls to be important; and

(ii) proposals on how internal systems might be improved in the light of the overestimation of mallerite at

WM.

Note: four professional marks are available within the marks allocated to requirement (d) for the structure,

content, style. and layout of the letter.

(16 marks)

You will be aware of the importance of accurate resource valuation to Worldwide Minerals (WM). Unfortunately, I have toinform. you that the reserve of mallerite, one of our key minerals in a new area of exploration, was found to have beenoverestimated aft