THIS COMPREHENSIVE PROBLEM CONCERNS THE PURCHASES/PAYABLES APPLICATION OF M THERE HAVE BEEN NO PERSONNEL CHANGES IN THE PAYABLES DEPARTMENT. ALL PERSONN THE MAJOR AUDIT CONCERN HERE IS THAT SHIPMENTS RECEIVED ARE POSTED TO PAYABLES COMPANY POLICY IS TO RECOGNIZWEPAYABLES WITHIN 1 DAY OF REEIPT OF GOODS. THE FLOWCHART IN PURCHASES-PAYABLESMANUAL SYSTEM IS RELEVANT TO THIS CASE. THERE WERE 3,405 VENDOR INVOICES FOR THE YEAR. PURCHASES TOTALED $8,435,665. THE ENGAGEMENT PARTNER HAS DECIDED THAT: CLIENT RISKINESS IS MODERATE. DESIGN EFFECTIVENESS OF CONTROLS OVER THE RELE BECAUSE THIS IS A TEST OF A SYSTEM THAT HASEXPER