Shane Woodrow is getting to know his new client Clarrie Potters, a large discount electrical retailer. Shane discovers that toward the end of last year, Clarrie Potters instlled a new IT system for inventory control. The system wasn't operation prior to the end of the last financial year so its testing wasn't included in the previous audit. The new system was custom-built for Clarrie Potters by a Chicago based software company by modifying another system it had designed for a furniture manufacturer and retailer.

Evaluate the audit risks associated with the installation of the new inventory IT system at Clarrie Potters