**Based on the image below complete the chart by identifying each control for each category beginning from OCCURENCE. Please be discrete as to why this control falls under this category**

PINNACLE MANUFACTURING - Part IV Control Risk Matrix Acquisitions
Transaction-Related Audit Objective List the controls from the Flow Chart that support the Assigned Audit Objective and any Deficiencies that prevent the Audit Objective from being accomplished	Recorded acquisitions are for goods and services received (occurrence)	Existing acquisition trans- actions are recorded (complete- ness).	Recorded acquisition transactions are stated at the correct amounts (accuracy).	Recorded acquisition transactions are properly included in the master files, and are properly summarized (posting and summarization).	Acquisition transactions are properly classified (classification).	Acquisition transactions are recorded on the correct dates (timing).
Deficiencies* 1.
2.
3.
Assessed control risk

FIGURE 10-13 Pinnacle Manufacturing-Acquisition and Payment Cycle CENTRALIZED PURCHASING DEPARTMENT RECEIVING DEPARTMENTS ACCOUNTS PAYABLE CLERK CASH DISBURSEMENTS CLERK Prepare purchase order from approved requisition; PO. approved by supervisor Review document package for completeness, initial, and write date on invoice Receive and check Receive vendor's invoice Receiving report Purchase Key enter and process cash disbursement transaction data INV R.R REQ disbursement transaction Voucher document package To vendor Match documents Check prices Check extensions Compute discounts Prepare voucher 2 Print reports Notes on controls Key enter and process purchase transaction data Chart of accounts-the company uses an adequate detailed chart of accounts. Prenumbered documents-all documents shown are prenumbered. They are accounted for by a function other than the preparer Bank reconciliation-done monthly by the transaction treasurer Procedures are applied daily. Backlogs are resolved promptly by authorizing overtime. Accounts payable master file total is reconciled to the general ledger total monthly disbursements journal Check Voucher document Purchase file package" Update accounts To vendor; payable master file signed by treasurer Print reports (reviews support) File description 1. Chronological 2. Numerical Account:s payable master file Acquisitions journal Includes voucher, vendor's invoice, receiving report, purchase order, and purchase requisition. FIGURE 10-13 Pinnacle Manufacturing-Acquisition and Payment Cycle CENTRALIZED PURCHASING DEPARTMENT RECEIVING DEPARTMENTS ACCOUNTS PAYABLE CLERK CASH DISBURSEMENTS CLERK Prepare purchase order from approved requisition; PO. approved by supervisor Review document package for completeness, initial, and write date on invoice Receive and check Receive vendor's invoice Receiving report Purchase Key enter and process cash disbursement transaction data INV R.R REQ disbursement transaction Voucher document package To vendor Match documents Check prices Check extensions Compute discounts Prepare voucher 2 Print reports Notes on controls Key enter and process purchase transaction data Chart of accounts-the company uses an adequate detailed chart of accounts. Prenumbered documents-all documents shown are prenumbered. They are accounted for by a function other than the preparer Bank reconciliation-done monthly by the transaction treasurer Procedures are applied daily. Backlogs are resolved promptly by authorizing overtime. Accounts payable master file total is reconciled to the general ledger total monthly disbursements journal Check Voucher document Purchase file package" Update accounts To vendor; payable master file signed by treasurer Print reports (reviews support) File description 1. Chronological 2. Numerical Account:s payable master file Acquisitions journal Includes voucher, vendor's invoice, receiving report, purchase order, and purchase requisition