In this assignment, you will prepare a 2–3 page report that addresses the requirements specified in the case. Fully address each requirement and include at least two current references to scholarly and/or authoritative sources.
Specifically you will be required to:
- Explain the effects on the account of the opening of the first retail store.
- Describe how the business change will affect audit risk components.
- Determine expected changes to inventory transactions and balances and specify which will be most affected by the business structure change.
- Describe the population(s) and recommend a sampling approach for substantive inventory testing.
- Use at least two current, quality academic or authoritative sources in this assignment. Note: Wikipedia and similar websites do not qualify as quality scholarly and/or authoritative sources. Use the Strayer University Library to conduct your research.