You are the auditor of Complete Calculators (CC), a specialty retailer of scientific calculators and other hand-held electronic devices. The process for purchasing inventory is as follows: When stock levels are low, the purchasing manager raises a purchase order (PO). The PO is approved by the finance manager and then sent to the relevant supplier. When goods are received the quantities in the shipping document provided by the supplier are matched with the purchase order, When the supplier invoice is received, the accountant matches the amounts and quantities on the invoice with the purchase order and the shipping document. Provided they match, the accountant then makes payment. Required 1/ Identify two controls in the above system. For each control state the relevant assertion and how you would test the control (3 marks). 2/ Identify two weaknesses in the above system and explain the relevant assertion affected (2 marks). 3/ As part of audit planning, your supervisor raises the issue of inventory theft. Discuss the reasons why inventory theft may be a risk for Complete Calculators and provide two examples of controls that might mitigate this risk. (3 marks)