You are planning audit procedures for acquisitions. For the following transaction-related audit objectives, identify internal controls that the client should have implemented to address these objectives and substantive tests of transactions to determine whether a material misstatement may exist.

Transaction related audit objective	key internal control	substantive test of transaction
1. Recorded acquisitions are for goods and services received.
2. All acquisition transactions have been recorded.
3. Recorded acquisitions are accurate.
4. Acquisition transactions are properly included in the accounts payable master file and posted to the general ledger.
5. Acquisition transactions are properly classified.
6. Acquisition transactions are recorded on the correct dates.
Transaction-related Audit Objective	Key Internal Control	Substantive Test of Transactionstra