It is September 1, fiscal Year 1. Abby is an audit partner at Black & White CPAs (B&W) and the lead partner on the audit of Everything Discounted Stores Inc. (EDS), a long-established family company that owns a number of traditional retail grocery stores. EDS was founded by James and Jean 20 years ago. James and Jean came to Abby when they first started EDS and have used B&W as auditors since that time. EDS has a December 31 year year end. Recently, James and Jean passed ownership of EDS to their children, Janine, Matthew, and Mark, in equal shares and moved to the south of France. Before the change in ownership, each of the children had been working for EDS for a few years. Janine is now the managing director, Matthew is responsible for marketing, and Mark is responsible for finance. Janine and her brothers have recently made changes that have upset a number of long-time staff members, some of whom quit as a result. There have also been problems with the local municipality in relation to some promotional campaigns. The major changes include the following: an increase in the number of stores improved shop layout new promotional campaigns new supply contracts and inventory product lines longer opening hours introduction of a staff incentive plan new computer systems To finance these changes, additional funding has been arranged with a bank that has not previously financed the company. Abby is surprised to hear of these changes, as she was accustomed to James and Jean keeping her informed of the activities of EDS. Abby is not close with the children but is aware that Mark had been suspected of embezzling company funds at a previous job, although he was never found guilty. None of the siblings had been particularly helpful during previous audits, and Abby is concerned that there could be arguments over the audit in the future. Required: Identify and assess the engagement/continuance risks B&W should consider for the December 31 year-end audit of EDS.