a) To save costs, ABC Company decided to replace its three-way match of Purchase Orders, Goods Received Reports, and Invoices with a two-way match of Purchase Orders and Invoices. Discuss how this change affects management's ability to make assertions regarding the Occurrence and Completeness of Accounts Payable.

b) Explain how checking inventory for obsolete items helps to ensure that the cost of goods sold line item on the Income Statement is faithfully represented. Your answer should refer to information quality goals.