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 Receiving Department Central Computer Facility Account Payable Department Warehouse Packing Slip Vendor C PO Invoice Rec Reprt Identity Items and Select Vendor Prepare Receiving report Accounting Systen Packing slio Reconcile documents and set up Liability Reconcile and Update Inventory Rec Reprt PO ventory Records Rec Reprt Rec Reprt PO Invoice MCCOUNT Payable PO Rec Reprt verster Vendor