What are the similarities and differences in the objectives of the following two procedures?

1. Select a random sample of receiving reports and trace them to related vendors' invoices and acquisitions journal entries, comparing the vendor's name, type of mater¬ ial and quantity acquired, and total amount of the acquisition.

2. Select a random sample of acquisitions journal entries and trace them to related vendors' invoices and receiving related information for goods and services that the company intends to purchase.

Purchase requisition — request by an authorized employee to the purchasing department to place an order for inventory and other items used by an entity.

Receiving report — a document prepared by the receiving department at the time tangible goods are received, indicating the description of the goods, the quantity received, the date received, and other relevant data; part of the documentation necessary for payment to be made.

Vendor master file — a computer file for maintaining a record for each vendor of individual acquisitions, cash disbursements, and acquisition returns and allowances, and vendor balances (p. 492).

Vendor's invoice — a document that specifies the details of an acquisition transaction and amount of money owed to the vendor for an acquisition.

Vendor's statement— a statement prepared monthly by the vendor, Lwhidh indicates the customer's beginning balance, acquisitions, payments, and ending balance.

1 reports, comparing the vendor's name, type of material and quantity acquired, and total amount of the acquisition.