PINNACLE MANUFACTURING AUDIT-PART IV CONTROL RISK MATRIX-ACQUISITIONS Recorded Acquisition TRANSACTION Recorded Existing Recorded acquisition RELATED AUDIT acquisiti Acquisition ons acquisition acquistion transactions transactions transactions are recorded on the OBJECTIVES are for goods transactions transactions are properly are properly and services are record are stated included in the classified ed (completeat the cor-master files, (classification) received (occurrence) ness) rect amountsand are correct dates (timing) (accuracy). properly sum- NTERNAL ONTROLS marized (posting and summarization) 6. 9. DEFICIENCIES 2. 3. Assessed Control Risk Note This is a standard form to be used by students. There arent necessarily 9 controls and 3 deficiencies in the case PINNACLE MANUFACTURING AUDIT-PART IV CONTROL RISK MATRIX-ACQUISITIONS Recorded Acquisition TRANSACTION Recorded Existing Recorded acquisition RELATED AUDIT acquisiti Acquisition ons acquisition acquistion transactions transactions transactions are recorded on the OBJECTIVES are for goods transactions transactions are properly are properly and services are record are stated included in the classified ed (completeat the cor-master files, (classification) received (occurrence) ness) rect amountsand are correct dates (timing) (accuracy). properly sum- NTERNAL ONTROLS marized (posting and summarization) 6. 9. DEFICIENCIES 2. 3. Assessed Control Risk Note This is a standard form to be used by students. There arent necessarily 9 controls and 3 deficiencies in the case