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For each example below, identify which of the three “E’s” the example represents. Discuss how the evaluation of the three “E’s” fits into the specific objectives of the operational audit.Examples:- 1. Griggs Corporation has achieved the established goals for the new product line. The new product line’s revenue increased by 10 percent.- 2. At ABC Company, upper management has recently authorized and actively purchased zero coupon bonds. The investment accounting software used by general accounting is not capable of recording zero coupon bonds. As a result, zero coupon bonds are being recorded manually.- 3. New government regulations have a negative impact on forecasted sales.- 4. The Superway grocery store is open 24 hours. During the overnight shift, the manager schedules one cashier.- 5. The quick-mart has just implemented just-in-time inventory purchasing agreements
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