(b) Your firm has been the auditor of Venus Pluto supplies, a listed company, for a number of years. The engagement partner has asked you to describe the matters you would consider when planning the audit for the year ending 31 January 2020. During a recent visit to the company, you obtain the following information. 1) The management account for the 10 months to 30 November 2019 show sales of RM 130 million and profit before tax of RM 4 million. Assume that sales and profits accrue evenly throughout the year. In the year ended 31 January 2019, Venus Pluto Supplies had sales of RM 110 million and profit before tax of RM 8 million. 2) The company installed a new computerised inventory control system which has operated from 1 June 2019. Given that the inventory control system records inventory movements and current inventory quantities, the company is proposing; * to use the inventory quantities on the computer to value the inventory at year end and * not to carry out an inventory count at year end. 3) You are aware there have been reliability problems with the company's products, which have resulted in customers making legal claims against the company and refusing to pay for the products. 4) The sales increase in the 10 months to 30 November 2019 was achieved by attracting new customers and offering extended credit. The new credit arrangement allows customers 3 months credit before their debt become overdue, rather than the 1- month credit period previously allowed. As a result of this change, the receivables age has increased from 1.6 months to 4.1 months. 5) The chief financial officer and purchasing manager were dismissed om 15 August 2019. A replacement purchasing ma ager has been appointed, but n=a new chief financial officer is not expected to be appointed before the year-end of 31 January 2020. The chief accountant will be responsible for preparing the financial statements for audit. Describe the matters you will consider in planning the audit and the further action you will take concerning each of the five matters listed above