The study and evaluation of internal controls in Assignment 4 identified deficiencies in internal controls over acquisitions. Did any of these deficiencies result in misstatement in the recording of transaction? Explain why deficiencies in internal controls may not always result in misstatements in recording transactions.

One major factor that is an important part of an internal control system is the human element.
Along with that component comes human error. Human error is an undesirable outcome that is
the result…