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upon a future course of action. 3. The increased use of online shopping has instigated the move towards setting up an online store. On 05.01.20X8, the company engaged XYZ consultants to set up its online store. The board has started discussions to close its three loss making stores. 4. Due to increased competition from major department stores, which largely compete on price, the company decided to heavily discount its merchandise as of 25.02.20X8. 5. The company upgraded its central information system on 30,03.20X8. The system provider has trained the company's staff to effectively operate the system. 015 Required: 1. Identify whether each of the identified factors above would increase, decrease or have no effect on the risk of material misstatement (5 marks - 1 marks for each factor) il. Describe the impact of each on the financial report. (15 marks - 3 marks for each factor)