Shane Woodrow is getting to know his new client Clarrie Potters, a large discount electrical retailer. Shane

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Shane Woodrow is getting to know his new client Clarrie Potters, a large discount electrical retailer. Shane discovers that toward the end of last year, Clarrie Potters installed a new IT system for inventory control. The system was not operating prior to the end of the last financial year so its testing was not included in the previous audit. The new system was custom-built for Clarrie Potters by a Chicago-based software company by modifying another system it had designed for a furniture manufacturer and retailer.


Required

Evaluate the audit risks associated with the installation of the new inventory IT system at Clarrie Potters.

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Related Book For  answer-question

Auditing A Practical Approach with Data Analytics

ISBN: 978-1119401742

1st edition

Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton

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