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For each of the following threats, identify applicable control procedures in the expenditure or revenue cycle. (4 Marks each) 1: Errors in the inventory master

For each of the following threats, identify applicable control procedures in the expenditure or revenue cycle. (4 Marks each) 1: Errors in the inventory master data resulting in production delays due to unanticipated shortages of key materials and leading to lost sales and reduced customer satisfaction. 2: Theft of goods by receiving clerk. 3: Purchasing goods at inflated prices that were of inferior quality when attempting to obtain the lowest possible prices. 4: Making a credit sale to a customer who has bad payment histories. 5: Inaccuracies in vendor invoices resulting from discrepancies between quoted and actual prices charged

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