Question: 1. Explain how each transaction-related control objective is enhanced by comparing actual to planned/budgeted results. *Transaction-related control objectives: A particular transaction is properly authorized (i.e.,

1. Explain how each transaction-related control objective is enhanced by comparing actual to planned/budgeted results.

*Transaction-related control objectives: A particular transaction is properly authorized (i.e., should have occurred). A particular transaction is valid (i.e., did occur). A particular transaction is recorded (i.e., the transaction has been posted in the records). A particular transaction is recorded accurately (such as correct account; amounts, including any necessary reevaluations; dates; etc. being updated in records).

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