PART 1: ESTABLISH RISK CONTEXT: 20 Marks Your CEO advised you to go through your current workplace vision, mission, goals andfor values and various departmental objectives and tactics. Review your observation; you have identified the following key problems: i. Lack of internal controls, particularly over cash handling, monitoring and recording. ii. Failure to meet compliance standards in duty of care and WHS, Privacy and confidentiality, Freedom of Information, environment law, reasonable adjustment for newly appointed disable staff and Industrial relations law. iii. Due to poor implementation of contract law, lack of written policy and procedures to guide staff in performing their job duties. iv. Lack of a professional business culture in the family run business. v. Failure of the business to monitor the external environment and align opportunities and threats to the business. A. Use any one of the above issues - review organisational processes, procedures and requirements for undertaking risk management. Identify whether your business has any relevant risk management plan to tackle this situation. Record your comments