Think from a control point of view and specify controls in order to mitigate the risks for each Inherent Risk Description below (make sure to number them the same way they are currently numbered):

Inherent Risk Descriptions:

Commercial Supply Registration

1. Absence of approved policies and procedures for the commercial supply registration section may lead to ambiguity in departmental activities resulting in contractual disagreements
2. Absence of a centralized commercial register (vendor list) may lead to ambiguity in identifying qualified and registered suppliers resulting in operational disruption.
3. Improper maintenance of commercial register list may lead to unauthorized changes done in list of suppliers
4. Absence of a pre-qualification of supplier's mechanism may lead to incompetent suppliers being registered resulting in sub-standard quality of services provided.
5. Absence of a Materials/Tender committee to review and approve suppliers may lead to dealing with inappropriate suppliers resulting in operational disruption to ADSSC.
6. Absence of a mechanism to review and approve supplier evaluation may lead to choosing inappropriate suppliers resulting in operational disruption to ADSSC.
7. Inadequate list of registered suppliers may lead to engagement with illegal suppliers which might cause legal and financial implications.
8. Ineffective mechanism of registration
9. Absence of a registration process for suppliers may lead to choosing inappropriate suppliers resulting in operational disruption to ADSSC.
10. Absence of a status classification for suppliers may lead to deals made with rejected suppliers resulting in legal/regulatory complications

Fixed Assets

1. Absence of approved Policies and procedures for the Fixed Assets section may lead to ambiguity in departmental activities and inaccurate financial records
2. Absence of a mechanism to tag all fixed assets may lead to inaccurate recording of fixed assets resulting in financial losses
3. Absence of criteria to define which expenditures may be capitalized may lead to capitalization of incorrect assets resulting in inaccurate financial records
4. Absence of a policy to ensure that assets are recorded at no more than their recoverable value may lead to financial losses to ADSSC due to incorrect valuation of assets.
5. Absence of a mechanism to record assets transferred from third parties after project completion may lead to inaccurate records of fixed assets.
6. Absence of a procedure to accurately record employee costs to ongoing projects may lead to discrepancies in the financial records of ADSSC
7. Inadequate recording of Long-Term Finance Lease Assets in the asset register may lead to inaccuracy of the asset register resulting in financial losses to ADSSC
8. Absence of a defined procedure for recording depreciation of assets may lead to inaccurate valuation of assets resulting in financial losses to ADSSC
9. Undefined depreciation rates may lead to assets being depreciated at inconsistent rates resulting in discrepancies in the financial statements.
10. Absence of a defined approval process for the write-off and disposal of fixed assets may lead to unapproved write-offs resulting in financial losses.
11. Absence of a defined procedure for the internal transfer of fixed assets may lead to discrepancies in the financial records of ADSSC
12. Absence of policies to ensure disclosure of all fixed assets activities in the financial statements may lead to inaccuracy of the financial statements of ADSSC resulting in non- compliance with regulations.
13. Spare parts transferred from projects to the store are not recorded/recorded incorrectly leading to inaccurate financial records

Legal Advisor

1. Absence of approved policies and procedures for the legal section may lead to ambiguity in departmental activities resulting in legal implications not being resolved
2. Absence of defined key performance indicators for the legal department may lead to non-identification of the departments performance resulting in legal implications to ADSSC.
3. Absence of a mechanism to report legal team progress to higher management may lead to higher management being unaware of legal implications affecting ADSSC
4. Inadequate mechanism for standardizing the contracts' terms and conditions (e.g., employment, suppliers, contractors etc.) may lead to several legal exposures and delay in formulating company's contractual agreements
5. Absence of a mechanism to monitor the changes in existing laws affecting the company's operations may lead to non-compliance with Government laws and regulation.
6. Ineffective coordination between the legal advisor and other ADSSC departments for processing consultation requests/reporting legal dispute may lead to delays in resolving legal issues.
7. Inadequate monitoring and follow up process for pending litigation may lead to unfavorable legal outcomes and financial loss.
8. Ineffective documentation of legal files may lead to leaks and loss of data resulting in escalation of legal cases resulting in financial losses to ADSSC.

Strategic Planning & Excellence Department

1. Absence of approved policies and procedures for the Strategic Planning and Excellence department may lead to ambiguity in departmental activities resulting in difficulty for ADSSC to achieve strategic targets.
2. Absence of a mechanism to define and monitor Key Performance Indicators may lead to low performance by the section going undetected resulting in operational disruption.
3. Absence of a mechanism to assess and manage enterprise risks may lead to non-compliance with ADQ requirements and operational disruption due to risks not being addressed
4. Absence of a ADSSC and department level business plan may lead to incomplete compliance to the strategic objective of ADSSC.
5. Absence of a defined mechanism to ensure organized data gathering for strategic planning may lead to delay in the planning process resulting in difficulty in achieving strategic goals.
6. Absence of interviews and workshops with executives of the company may lead to disregarding essential input from key stakeholders resulting in inaccuracy of the strategic planning process.
7. Absence of a team designated to developing strategic themes as per requirements of top management may lead to mismanagement of strategic planning exercise leading to difficulty in achieving strategic goals of ADSSC.
8. Absence of a mechanism to cascade ADSSC strategy to departments may lead to inconsistency between ADSSC strategy and departmental strategy targets.
9. Absence of a mechanism to validate the final strategic plan may lead to misalignment with executive management requirements resulting in non-achievement of ADSSC strategic goals.
10. Absence of a mechanism to periodically review departments KPI progress may lead to non- implementation of KPI procedures resulting in deviation from ADSSC strategic plan