You are the audit senior for Watt and Witts and you are planning the audit of your new client Burney Co for the year ending 31st July 2022. Burney Co is a retailer of garden supplies operating from 20 stores across the UK and employs 400 staff. The following information has been provided by the audit manager from the planning meeting with the FD. Notes of planning meeting The company spent 0.7m on refurbishing it stores to improve customer experience. All of this amount has been recognised in the statement of financial position as PPE. The company also installed a new sales systems which records all the sales and receivables. This system enables daily sales form each store to be automatically reported to the central finance department at the end of each working day. Customers are able to pay for their goods either using cash or credit card. At the end of each day, the store manager generates a report for each cash register which confirms cash takings. The cash is then counted and compared to the report. With the new system being installed, head office now receives daily cash takings reports which have shown an increasing number of cash