You are the audit senior responsible for the audit of Sampson Limited. You are currently planning the auditfortheyearended31December20X7.Duringyourinitialplanningmeetingheldwiththe financial controller, he told you of the following changes in the company's operations.

(i)Due to the financial controller's workload, the company has employed a treasurer. The financial controller is excited about the appointment because in the two months that the treasurer has been with the company he has realised a small profit for the company through foreign-exchange transactions in yen.

(ii)Sampson has planned to close an inefficient factory in country New South Wales before the end of20X7.Itisexpectedthattheredeploymentanddisposalofthefactory'sassetswillnotbe completed until the end of the following year. However, the financial controller is confident that he will be able to determine reasonably accurate closure provisions.

(iii)To help achieve the budgeted sales for the year, Sampson is about to introduce bonuses for its salesstaff.Thebonuseswillbeanincreasingpercentageofthegrosssalesmade,byeach salesperson, above certain monthly targets.

(iv)The company is using a new general ledger software package. The financial controller is impressed withthenewsystem,becausemanagementaccountsareeasilyproducedandallowdetailed comparisons with budgets and prior-period figures across product lines and geographical areas. The conversion to the new system occurred with a minimum of fuss. As it is a popular computer package, it required only minor modifications.

(v)Aspartoftheconversion,thepositionofsystemsadministratorwascreated.Thispositionis responsible for all systems maintenance, including data backups and modifications. These tasks were the responsibility of the accountant.

Required:

Foreachofthescenariosabove,explainhowthecomponentsofauditrisk(inherent,controlor detection risk) are affected.