YOU ARE REQUIRED TO indicate for each of the below procedures$/$conditions whether it relates to control environment or control activities. Where your answer is control activities, indicate into which category $($or categories$)$ of activity it falls $($write out the category in full$)$: Five $(($i$)$ to $($v$))$ possible control activities: $($i$)$ segregation of duties; $($ii$)$ isolation of responsibilities; $($iii$)$ access$/$custody controls $($physical controls$)$; $($iv$)$ authorisation and approval; $($v$)$ comparison and reconciliation

Tribuna $($Pty$)$ Ltd is a large company which manufactures all kinds of lifting equipment e$.$g$.,$ elevators and hydraulic jacks. Each of the following procedures or conditions takes place or exists at the company: $1.$ Any employee who is found guilty of unauthorised use of company assets or theft is dismissed immediately. $2.$ Expensive spares and components are kept in a secure area in the warehouse. $3.$ All employees working on accounting applications on the company's local area network are subject to user identification, password, and user profile controls. $4.$ The buying clerks are required to sign all purchase orders $($in the designated block$)$ and before sending the order to the supplier, must have the order authorised by the chief buyer $($who must also sign in the designated block$).5.$ Management adopts a management philosophy that places emphasis on leadership, sound judgement and ethical behaviour. $6.$ The production manager approves all overtime hours to be worked before they are worked. $7.$ The company conducts regular inventory cycle counts. All differences between physical inventory and recorded inventory quantities are carefully followed up$.8.$ All company cheques must be signed by two authorised signatories. $9.$ The senior creditors$$ clerk reconciles each creditor$$s statement with the creditors account in the creditor$$s ledger on a monthly basis. Selected reconciliations are performed again by the financial accountant before payment is made. All reconciliations that were performed again are signed by the financial accountant. $10.$ Receiving clerks are required to count goods received and must sign all GRNs they make out. Two of the components of internal control $($in terms of ISA $315($Revised$))$ are control environment and control activities.