and professional sports s 14-33 (oBJECTIVE 143) Your Team.com is an online retailer of college m memorabilia, such as hats, shirts, pennants, and other sports logo products. Consumers ect the college or professional team from a pull-down menu on the company's Web site. For listed team, the Web site provides a product description, picture, and price for all products sold online. Customers click on the product number of the items they wish to purchase. The each following are internal controls Your Team.com has established for its online sales: 1. Only products shown on the Web site can be purchased online. Other company products not shown on the Web site listing are unavailable for online sale. 2. The online sales system is linked to the perpetual inventory system, which verifies quantities on hand before processing the sale. 3. Before the sale is authorized, YourTeam.com obtains credit card authorization codes electronically from the credit card agency 4. Online sales are rejected if the customer's shipping address does not match the credit card's billing address. 5. Before the sale is finalized, the online screen shows the product name, description, unit price, and total sales price for the online transaction. Customers must click on the Accept or Reject sales button to indicate approval or rejection of the online sale. Once customers approve the online sale, the online sales system generates a Pending Sales file, which is an online data file that is used by warehouse personnel to process hipments. Online sales are not recorded in the sales journal until warehouse personnel enter the bill of lading number and date of shipment into the Pending Sales data file. 6. >a. For each control, identify the transaction-related audit objective(s) being fulfilled if Required A b. each control is in effect. For each control, describe potential financial misstatements that could o control was not present