Question $2$

Davis Do$-$lt$-$Center $($Davis$)$ is a local hardware

store with five locations in southern Georgia. The

company has been operating for over $70$ years. In

the last $15$ years, the two owners, who are

brothers, have been working hard to transition

from manual processes to electronic systems.

Recently, one of the store managers had to fill in

at the checkout register, which uses a scanning

system to capture the sales price of each item,

and noticed that the scanned sales prices of

some items were incorrect. The manager alerted

one of the brothers about the issue. Upon

further investigation, this brother discovered that

the scanning system was pulling sales prices

from outdated price lists for three inventory

categories: lawn and garden, plumbing, and paint

supplies.

Required:

Based on the information, evaluate which

accounts and assertions are at risk of

misstatement.