1) For each of the four items listed below, describe your top two internal controls for mitigating these risks.

a) Travel reimbursements are given for unauthorized expenses.

b) Employees do not comply with the approved vendor list when purchasing goods and services

c) Unauthorized write-offs or credit memos are made to customer accounts.

d) The company has excess obsolete and slow-moving inventory.

(2). How would a large international automobile manufacturer like Toyota differ from a bricks and mortar retailer like Target in terms of its significant business risks?What significant risks do these businesses have in common?You should be able to come up with at least three differences and three similarities.