CASE 14-1 The Accountant and CIM Examine issues of the Journal of Accountancy, Strate- gic Finance, and other business magazines for the past three years to find stories about current developments in factory automation. Write a brief report that discusses the accounting implications of one development: how it affects the efficiency and accuracy of data collection and any new opportunities for improving the quality of performance reports. Also discuss how the development affects the risks of various production cycle threats and the control procedures used to mitigate those risks.