Identify and list the company controls in place related to purchase transactions and cash disbursements.
(a) For each control identified:
• state the purpose of the control.
• state which management assertion(s) are related to the control.
• list the procedures and documents needed to test the control.
(b)What are some additional controls that could be implemented to improve Raptor
Manufacturing's control environment pertaining to its purchases and cash disbursements
cycle?
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