HO-6: Procurement cycle Note: Only your first 3 responses for each question will count Please answer the following: 1. Identify typical inherent risks (What Could Go Wrong WCGW) in this cycle. Identify relevant account (You can identify the same account more than once), assertion and the risk associated with that account and assertion in the format below - 10 Points (List at least 3) Account Assertion Inherent risk (WCGW) Note: This includes procurement of goods, services and payroll 2. List one or more controls (at least one control per account and assertion) you would implement to mitigate each of the risks identified above - 10 Points (List at least 3) 3. List how you would test those controls - 10 Points (List at least 3) HO-6: Procurement cycle Note: Only your first 3 responses for each question will count Please answer the following: 1. Identify typical inherent risks (What Could Go Wrong WCGW) in this cycle. Identify relevant account (You can identify the same account more than once), assertion and the risk associated with that account and assertion in the format below - 10 Points (List at least 3) Account Assertion Inherent risk (WCGW) Note: This includes procurement of goods, services and payroll 2. List one or more controls (at least one control per account and assertion) you would implement to mitigate each of the risks identified above - 10 Points (List at least 3) 3. List how you would test those controls - 10 Points (List at least 3)