[Part 4]: As mentioned in the introduction, Foot Fault manufacturers some of its product offering tennis equipment such as rackets and tennis balls, tennis clothing such as shirts and shorts, and accessories. In order to manufacture these items, Foot Fault purchases supplies from external third parties. Liabilities to these third parties for goods and services purchased are entered in an accounts payable Journal, at which time the debits are classified as assets. Foot Fault maintains some specific control procedures regarding the approval payments or supplier invoices . cheque signing record-keeping, and reconciliation of cheques to bank statements. Michele Teper, as the audit manager on the Foot Fault engagement, is required to list control procedures that she wants to audit for their effectiveness with respect to cash payments Required: Suggest to Michele a minimum of 2 (two control tests for each of the below Control Objectives in an audit plan, with the goal of measuring the effectiveness of each Control Objective: Validity Objective Recorded payments are valid and documented, and represent payment for goods and services received Authorization Objective Cash payments are authorized according to company policy to audit for their effectiveness with respect to cash payments. Required: Suggest to Michele a minimum of 2 (two) control tests for each of the below Control Objectives in an audit plan, with the goal of measuring the effectiveness of each Control Objective: Validity Objective . Recorded payments are valid and documented and represent payment for goods and services received Authorization Objective Cash payments are authorized according to company policy Accuracy Objective Cash payment dollar amounts are calculated and recorded accurately Classification Objective Cash payments are properly classified in the accounts Proper Period Objective Cash payments are recorded in the proper period *** END OF ASSIGNMENT [Part 4]: As mentioned in the introduction, Foot Fault manufacturers some of its product offering tennis equipment such as rackets and tennis balls, tennis clothing such as shirts and shorts, and accessories. In order to manufacture these items, Foot Fault purchases supplies from external third parties. Liabilities to these third parties for goods and services purchased are entered in an accounts payable Journal, at which time the debits are classified as assets. Foot Fault maintains some specific control procedures regarding the approval payments or supplier invoices . cheque signing record-keeping, and reconciliation of cheques to bank statements. Michele Teper, as the audit manager on the Foot Fault engagement, is required to list control procedures that she wants to audit for their effectiveness with respect to cash payments Required: Suggest to Michele a minimum of 2 (two control tests for each of the below Control Objectives in an audit plan, with the goal of measuring the effectiveness of each Control Objective: Validity Objective Recorded payments are valid and documented, and represent payment for goods and services received Authorization Objective Cash payments are authorized according to company policy to audit for their effectiveness with respect to cash payments. Required: Suggest to Michele a minimum of 2 (two) control tests for each of the below Control Objectives in an audit plan, with the goal of measuring the effectiveness of each Control Objective: Validity Objective . Recorded payments are valid and documented and represent payment for goods and services received Authorization Objective Cash payments are authorized according to company policy Accuracy Objective Cash payment dollar amounts are calculated and recorded accurately Classification Objective Cash payments are properly classified in the accounts Proper Period Objective Cash payments are recorded in the proper period *** END OF ASSIGNMENT