QUESTION $5(20$ Marks$)$ As RideWell $($Pty$)$ Ltd is a wholesaler of bicycles and accessories, it has a conventional inventory cycle. Goods are delivered to a designated receiving depot, where they undergo checks for quantity accuracy, damage inspection, and verification against purchase orders. After these checks, the goods are transferred to secure storage areas to ensure their protection. Goods to fill sales orders are selected using picking slips generated from approved sales orders. Once picked, the goods are verified to match the picking slips and placed in a secured picking area to prevent unauthorized access or theft. The goods are then checked for condition, ensuring there are no damages or defects and that all packaging is intact, and then transferred to dispatch. The company manages over a thousand different inventory items, including high$-$value items such as top$-$quality cycling helmets and bicycle computers. Due to the ease with which most inventory items can be disposed of if stolen, theft is a significant risk that the company must mitigate. All employees working in the inventory cycle are properly trained and have good product knowledge, ensuring they understand the procedures and the importance of accuracy $($commitment to competence$).$ There is a clear reporting structure within the cycle, and individual employees are held accountable for their actions through regular performance evaluations and responsibility assignments $($organizational structure and assignment of responsibility$).$ Senior management is directly involved in the cycle, frequently visiting the warehouse to observe various activities, such as the unpacking of a container of imported bicycles, which sets a good example and enhances control awareness $($management philosophy and operating style$).$ This hands$-$on approach by senior management reinforces the company's commitment to inventory control and integrity. $5\mathrm{.}1$ Identify the key controls present in the inventory cycle at RideWell $($Pty$)$ Ltd that lowers risk for this organisation to an acceptable level. $(10$ marks$)5\mathrm{.}2$ For each key control identified in the inventory cycle at RideWell $($Pty$)$ Ltd$,$ explain which risk the control is lowering to an acceptable level, e$.$g$.$ what would probably go wrong if the control was not in place? $(10$ marks$)$ Present your answer using the following structure: Key Control Risk What is the key control that lowers risk to an acceptable level? What would probably go wrong if this control was not in place?