The following statements describe internal controls, audit procedures, or misstatements that can occur in financial statements. For each of the statements, indicate the primaryaudit objectivethat applies to the situation. List onlyonemost important audit objective.

1)In order to ensure proper recording, the date on the receiving report (i.e., shipping document) is always matched with the date on the vendor's invoice before the purchase is entered into the accounting system.

2)When recording purchases, accounting personnel verify that amounts on the invoices are based on approved price lists.

3)After being a computer operator for five years, Molly was promoted to computer programmer. Shortly after starting her new position, Molly began having personal financial difficulties. Given that she still had access to computer operations as a result of her prior position, she decided to enter fake sales returns into the system at night. When the funds came in, she programed the system to deposit the cash into her bank account.

4)The data input clerk did not enter the code for the sales associate's department. As the sale was not tagged with any sales associate, commission expense was recorded incorrectly.

5)In the audit of accounts receivable, the audit staff member uses audit software to sort all invoices that are more than 90 days old.

During the last year's audit, controls over purchases were lacking and resulted in many recording errors for purchases. As a result, in this year's audit, the staff auditor selected 100 shipping documents/receiving reports and traced these to the purchases journal.