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Sunrise Solutions Pty Ltd is a prominent technology consulting firm with offices in major cities across Australia. Beginning 1 January 2024, payroll processing for the
Sunrise Solutions Pty Ltd is a prominent technology consulting firm with offices in major cities across Australia. Beginning 1 January 2024, payroll processing for the firm's employees has been outsourced to external payroll service providers in each city. Prior to 31 December 2023, payroll operations were managed internally at Sunrise Solutions' headquarters in Newcastle, but frequent errors prompted the change. identify and briefly justify the component(s) of audit risk affected (inherent, control, detection). (6 marks) explain the overall impact (increase, unchanged, decrease) on audit risk (4 marks)
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