Tutorial 8 Audit Purchasing Cycle Question 1 You are responsible to audit the purchase process for Gamuda Berhad. The following misstatements are included in the purchase process and related records of Gamuda Berhad. The clerk at purchase department does not request for authorization from the Purchasing Officer when the officer is on leave. Purchase orders received from operation department were not being stack according to the numerical sequence. Orders received from supplier were not being check by the purchase department The dates of payment voucher were not recorded in journal accordingly. All payment vouchers from all departments were not being combined accordingly. Required: a) For each misstatement, discuss the specific-audit objective and the relevant substantive audit procedure that can be used to uncover it. b) Distinguish between the valuation and completeness balances related audit objectives. States the effects on financial statements (overstatement or understatement) of a violation of each in the audit of purchasing process. c) Recommend THREE (3) possible internal controls that can help Gamuda Berhad to prevent such misstatements