QUESTION FOUR [28] Armsdeal Ltd is a large manufacturer of various weapons used by the military. The following control procedures are in place at the company: 1. All prospective employees are required to agree to undergo psychological testing before they are employed at the company. 2. On arrival at the visitor's entry security gate, all visitors' vehicles are searched before they enter the premises. Items taken from visitors are recorded by the security officer and the register is signed by the visitor. 3. The dispatch area is security controlled, and every dispatch of goods is checked against the supporting documentation by a dispatch clerk who signs the documentation. The dispatch manager then re-checks everything thoroughly and signs a "dispatch release form". At this stage the goods are loaded onto an armoured vehicle. 4. Every asset at Armsdeal Ltd has a metal tag securely stuck onto it which displays a unique asset number. 5. At the end of each day the receiving manager sequence checks the days copies of the goods received notes held in the receiving bay to confirm that all goods received notes are accounted for. Any missing GRNs are followed up immediately. 6. Armsdeal Ltd's organisational department has an ongoing project which aims at improving and refining the company's policies and procedures for defining authority, responsibility and reporting relationships throughout the organisation. 7. Any member of staff who is found in the small arms and ammunition warehouse and is not authorised to be there, is dismissed immediately. All employees are regularly made aware of this strictly enforced regulation. Required: Identify, for each of the policies/procedures described above (1 to 7), to which characteristics of good internal control they relate. Provide brief explanations for your answers. (7x4marks)