Required: 1. Describe the risks associated with the system depicted in the flowchart below. 2. Describe the physical controls needed to mitigate each risks. Purchases Department A Receiving Department Packing Slip Central Computer Facility Account Payable Department Warehouse B D Vendor PO Invoice Rec Report Identify Items and Sellect Vendor Prepare Receiving Accounting System report PO PO Packing Rec Reprt Slip PO Inventory Records Rec Reprt Rec Reprt Invoice Account Payable Rec Re-prt Vendor Reconcile documents and set up Liability Reconcile and Update Inventory