Part B (5 marks) As part of your audit of leading clothing retailer, Bletchington Limited, you review its internal controls over inventory. You have prepared the following comments which describe Bletchington Limited's processes: 1. When ordered materials arrive at Bletchington Limited they are received by the storeroom clerks. The clerks count the merchandise and check the counts against the supplier's bill of lading. All suppliers bills of lading are initialled, dated and filed in the storeroom to serve as receiving reports. 2. To manage inventory more efficiently, Bletchington has outsourced responsibility for reordering clothing to Chiltern Limited, who analyse sales in Bletchington's retail outlets each evening, places an order with approved suppliers and sends the purchase order to Bletchington's accounts payable team. Required For each process: a. list the internal control deficiency or deficiencies. (2 marks) b. explain the type(s) of misstatement(s) and the account(s) that is (are) likely to be misstated because of the deficiency. For example, accounts payable will be overstated because...' (2 marks) C. identify the key assertion(s) affected by each deficiency. (1 mark)