QUESTION 4 For each of the following internal controls, state the internal control objective (i.e. occurrence, completeness, accuracy, cut-off or classification) at which it is directed. Internal Control Internal Control Objective A clerk who is not involved in routine posting of purchase transactions checks that the account codings are recorded in accordance with the firm's chart of accounts. Receiving notes are prenumbered and a sequence check is performed monthly. Clear instructions are provided to staff for recording sales around balance date. Before a sale is processed a credit check is undertaken. Prior to making a payment to a supplier, the supporting documents are reviewed. QUESTION 5: Internal controls are put in place by management to provide reasonable insurance concerning four matters. State the four matters. QUESTION 6: (1) What type of audit strategy is required when the auditor's preliminary assessment of control is that it is high? (2) What type of audit strategy is required when the auditor's preliminary assessment of control is that it is low