DQ\#1 - The following is an audit finding from a review of internal controls of the payroll and personnel cycle of an organization: Attendance and absence records are not properly maintained and overtime is not approved in advance. Not all Absence and Additional Time Worked Reports could be found in the Human Resource Office. There is no tracking system in place to ensure all required personnel documents are returned to the Human Resource Office. Unit timesheets (internal time records) are not always kept on file. The Human Resource Office does not have standardized procedures for keeping monthly leave documentation. There was no evidence of approved overtime other than a signature on the employee's timecard. What are some of the effects of these internal control deficiencies and what would be the auditor's recommendation to management? DQ \#2 - From an audit risk perspective, why is inventory so hard to audit? What steps can an auditor do to obtain assurance that inventory valuation corresponds with the underlying inventory asset