Please help me identity any business risks below. Also how can i prevent those risks on occurring. Thank you in advance.

Purchases and inventory

1.50% purchase from Australian, 50% from Asia

2.Inventory is pad in the relevant currency of the country it is purchased.

3.Raw materials have been valued at average cost

4.Allowance for inventory obsolescence has existed in the previous years to cover the estimated decline in value from the effects of storage hazards.

5.Work-in-progress is valued at the cost of raw materials, labour and a proportion f manufacturing overheads on normal capacity.

6.Warehouse is closed 28 to 30 for stocktake.

Print-on-demand revenue and receivables

7.Digital library is backed up daily with backup tapes kept offsite.

8.System auto stops any orders from clients that have exceeded their credit terms and limits.

9.Over-credit limit orders must be approved by Head of publishing and Head of Accounts

10.When printing is finished, the sales clerk prepares an invoice and dispatch docket and forwards them to the accounts receivable department.

11.The accounts receivable clerk checks the prices and arithmetic accuracy of the invoices and signs the invoice as evidence of her check.

12.The accounts receivable clerk records the sale in both the accounts receivable subsidiary ledger and the general ledger and the books are shipped or picked-up by the client.

13.The client accepts liability for the goods when they are received in accordance with the purchase order, and signs the dispatch docket as proof of delivery