For the scenario that follows, list the three (3) key objectives for the purchase process, identify a key risk related to the achievement of each objective, and provide a specific control recommendation to mitigate that key risk.

The U.S. General Accounting Office (GAO) Office of Special Investigations was responsible for investigating a potential purchase fraud case. The man who allegedly committed the fraud was Mark J. Krenik, a former civilian employee of the U.S. Air Force.

Mr. Krenik was the Air Forces technical representative on contracts with Hughes STX. Hughes STK provided hardware, software maintenance, technical support, and training to the Air Force. Part of Mr. Kreniks alleged fraud included opening accounts under his control at banks in Maryland. The accounts were opened under the names Hughes STX and ST Systems Corporation. A section of the GAO report on this fraud investigation reads as follows:

Mr. Krenik opened a post office box 215 in Vienna, Virginia, in his own name. Later that month, Mr. Krenik delivered to the Air Force Finance Office 11 bogus invoices totaling $504,941. Accompanying the invoices were the respective DD-250s, on which Mr. Krenik had falsely certified that work had been performed and deliveries made. Special instructions on the invoices directed that payments be remitted to ST Systems Corporation at the Vienna, Virginia post office box.

Mr. Krenik deposited the checks in the accounts he controlled at the Maryland banks. His fraud was unsuccessful because bank employees became suspicious when he tried to withdraw large sums from the account. Assume the Air Force division where the fraud attempt occurred holds a large inventory of spare parts to support operations in other divisions.