ing 5. The finance director only approves the total amount of payments to be made from a list of payees, some of whom are fictitious. 6. The sales ledger clerk takes a vacation during Christmas. Upon returning in January, she enters all the unrecorded sales that were pending from December as January's sales for the sake of convenience. 7. While the sales ledger clerk is on holiday, a salesperson helps input the sales into the accounting system. He fails to enter two cash sales transactions but marks them as "recorded in the system. 8. A newly recruited sales clerk either forgets to enter the discount value or enters an incorrect value of discount. a. For each misstatement, identify one or more types of controls that were absent. b. For each misstatement, identify the transaction-related audit objectives impacted. c. For each misstatement, suggest a control that may have prevented or detected the misstatement. 1