Remaining Time: 43 minutes, 55 seconds. Question Completion Status: Question 1 Scenario: Save Answer You are the audit senior responsible for the audit of Sampson Limited. You are currently planning the audit for the financial year ended 30 June 20X9. During your initial planning meeting held with the financial controller, he told you of the following change in the company's operations. The company is using a new general ledger software package. The financial controller is impressed with the new system, because management accounts are easily produced and allow detailed comparisons with budgets and prior-period figures across product lines and geographical areas. The conversion to the new system occurred with a minimum of fuss. As it is a popular computer package, it required only minor modifications. Required: Explain how the components of audit risk inherent, control or detection risk) are affected in this scenario. For the toolbar, press ALT-F10 (PC) or ALT+FN+F10 (Mac). BI S Paragraph Arial 14px : I M od Q 5. = = E x? X2 3 ABC > TT TT V TT 0)