Required:

1. Describe the risks associated with the system depicted in the flowchart.
2. Describe the physical controls needed to mitigate each risks.

Purchases Department Receiving Department Central Computer Facility Account Payable Department Warehouse Packing Slip D Vendor PO Invoice Rec Reprt Identify Items and Select Vendor Prepare Receiving report Accounting System Packing Slip Recomcile documents and set up Liability Reconcile and Update Inventory Rec Reprt PO have Hory Records Rec Reprt Rec Reprt PO Invoice D MECOURT Payable PO Rec Reprt Vendor