Problem 8. RISK ANALYSIS AND CONTROL Denis Freden'ck owns Never Leak, Inc., which is a small plumbing supply company that employs 16 workmen who perform plumbing tasks and 3 office staff. One of the office staff is John Higgins who has been with the company since it opened its doors. During that time, he has earned the trust of the owner and has proven to be a diligent employee who often works late, occasionally comes in on weekend for no additional pay, and hasn't taken a substantial vacation in over it] years. Instead, he staggers his vacation days throughout the year to avoid the need for a replacement and ensuring that none of the other office staff is burdened with his work. John's primary tasks include: - Responsible for POS cash and credit sales . Bills the customers who purchase on credit - Opens the mail and posts to AR records, and - Prepares the daily cash deposits for the business. Another office worker, Larry Jones, handles ordering inventory and supplies from vendors, stocking, shipping merchandise, updating inventory records, and writing checks to vendors in payment of purchases. The third office staff member, Margaret Lilly, performs the payroll (writing paychecks and recording payroll payments) and general ledger functions. Required 1) Discuss the risks inherent in the scenario. 2} Make control recommendations to mitigate the risks under the constraint that no additional employees can be hired