Accounting Systems Have Control Objectives and Control Procedures to Mitigate

Essay

Accounting systems have control objectives and control procedures to mitigate the risks that the control objective is not met.
For each of the following, select whether they are a control objective, risk, or control procedure.
a. Organisations sell goods or services to customers with poor credit ratings
b. Goods are purchased only from approved suppliers
c. All purchase invoices must be matched to purchase orders and goods received notes