Cloud 9 - Continuing Case c. What changes would you expect to see in inventory trans- Answer the following questions based on the information for actions and balances as Cloud 9 changes from a wholesaleCloud 9 presented in the appendix to this text and the current and only business to a retail and wholesale business? Be specific earlier chapters. You should also consider your answers to the case in your answer. study questions in earlier chapters. d. Which inventory balance and transaction assertions would be Required most affected? Explain. a. Consider and explain the effects of the opening of Cloud 9s e. Describe the population(s) and suggest a sampling approach first retail store on its accounts. b. Describe how this business change would affect the compofor substantive testing for inventory. nents of audit risk. Cloud 9 - Continuing Case c. What changes would you expect to see in inventory trans- Answer the following questions based on the information for actions and balances as Cloud 9 changes from a wholesaleCloud 9 presented in the appendix to this text and the current and only business to a retail and wholesale business? Be specific earlier chapters. You should also consider your answers to the case in your answer. study questions in earlier chapters. d. Which inventory balance and transaction assertions would be Required most affected? Explain. a. Consider and explain the effects of the opening of Cloud 9s e. Describe the population(s) and suggest a sampling approach first retail store on its accounts. b. Describe how this business change would affect the compofor substantive testing for inventory. nents of audit risk