Cloud $9-$ Continuing Case Answer the following questions based on the information for Cloud $9$ presented in the appendix to this text and the current and earlier chapters. You should also consider your answers to the case study questions in earlier chapters.

Required

a$.$ Consider and explain the effects of the opening of Cloud $9\text{'}$s first retail store on its accounts.

b$.$ Describe how this business change would affect the components of audit risk.

c$.$ What changes would you expect to see in inventory transactions and balances as Cloud $9$ changes from a wholesale$-$only business to a retail and wholesale business? Be specific in your answer.

d$.$ Which inventory balance and transaction assertions would be most affected? Explain.

e$.$ Describe the population$($s$)$ and suggest a sampling approach for substantive testing for inventory.