Mido Ltd $($Mido$),$ founded by Lind Ngwema, opened its doors for the first time in Morningside,Durban, on $1$ January $1980.$ Today, the company is listed on the Johannesburg StockExchange, is one of South Africas leading retail chains with over $60$ stores across SouthAfrica.The success of Mido is driven by Linds belief that service should be customer focused andthat superior quality food, clothing and home appliances should be made available atreasonable prices. This belief is shared, and upheld, by Midos board of directors.As a member of the companys internal auditing Department, you are currently busy with theinternal audit for the current financial year. The following breakdown, setting out certaintransactions that took place during the current year, was received from management.Transaction$1$Mido issued $20005\%$ debentures each during February $20$X$1$in order to raise long$-$term debtfinancing for investment in a new branded environmental programme, Enviro$-$Aware, aprogramme aimed at communicating environmental issues to customers via the labels andthe logos on selected Mido products on which customers receive discounts.Transaction $2$Mido purchased $35$ new desktop computers from Spectacular Connections $($Pty$)$ Ltd duringthe year for use in the accounting department.REQUIREDList the key controls that you, as the internal auditor, would want to see relating to:$1.$ The occurrence and management authorisation of long$-$term debt financing in transaction$1.(5)2.$ The completeness of Property, Plant and Equipment records for the computer acquiredin transaction $2.$