You are developing a training program for new recruits to your large international accounting firm. One of your tasks will be to make a short presentation on control and risks covering the topics described below. Required a) Explain what is meant by the control environment and identify FOUR (4) key features of the control environment including the impact of the control environment on accounting systems. (10 marks) b) Identify FOUR potential control problems arising in the purchasing cycle and specify the potential losses that might occur if control fails. (5 marks) c) For each of the activities identified in (b) provide an example of what might occur if the control is not in place and list one or more factors that could cause the exposure to risk to be particularly high in particular organizations that you may be auditing