The following information were documented following initial discussions with the Managing Director and the Finance Director: 1. Revenue Following the announcement on 4 May 2021 by the Ministry of Health ("MOH) on tightening of restrictions from 8 May to 30 May 2021 after a surge in local community cases, SPL experienced a 90 percent increase in bookings for PET services. SPL also increased its price per test by more than 10% from $45 to $50 with effect from 8 May 2021, and has maintained this pricing since then. 2. Staff To cope with the demand, SPL had hired and trained 80 more part-time staff to be deployed on need-basis. Each staff is paid basis on an hourly-rate and given a fixed food and transport allowances for each day of deployment, regardless of the number of hours deployed. 3. Covid test kits SPL purchased more Covid test kits throughout the year to ensure that it is able to fulfil all confirmed and future bookings. Its inventory holdings of these test kits as at 30 June 2021 has doubled compared to the balance prior to MOH announcement on 4 May 2021. Six months after the completion of the FY2021 audit, the Finance Director asked if you can assist to recommend an appropriate accounting information system to replace the existing one as he was of the view that it is no longer sophisticated enough to support SPL's growing business. For each item documented from the initial discussions with SPL's Managing Director and Finance Director, analyse and explain one (1) area of most audit concern and possible misstatement and one (1) corresponding management assertion that you will be most concerned with. Refer to paragraph A125 of SSA 315 Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and its Environment for the possible assertions made by management in the financial statements