Question: The inventory purchasing system only allows purchases from pre-approved vendors. For each of the internal controls: Identify the related transaction-related audit objective(s) affected by the

The inventory purchasing system only allows purchases from pre-approved vendors.

For each of the internal controls:

Identify the related transaction-related audit objective(s) affected by the control.

Describe risks the control is designed to mitigate.

Design a test of control to determine if the control is operating effectively.

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