You work for a well-known regional CPA firm and are the senior auditor in charge of the fieldwork for a medium sized manufacturing company in the Chicago metro area. The company has been a client for over ten years and there have never been any concerns with the company's systems of controls or their accounting practices. Accordingly, RMM has been considered to be low and audits have been able to place reliance on tests of controls. The interim fieldwork included tests of controls and was conducted during October. The tests of controls over purchases included a randomly selected sample of 45 disbursement transactions. During this testing, the staff accountant found eight instances where the general ledger posting date for inventory purchases was earlier than the date when the inventory was received. The dates were all less than three days different, but some ofthe dates occurred across a month end. The controller noted the differences, thanked you, and said that she would correct these errors. As the senior auditor on this engagement, you will need to document the results of the tests of controls and the client's response in your working papers. In addition, you need to assess the impact of these findings on RMM and on the nature, timing, and extent of the audit procedures for this engagement. Think about the findings and form a conclusion. Write a memo for the working papers that describes your conclusions as to the effect ofthe findings on inherent risk, control risk, and detection risk. In addition, indicate what accounts and assertions may be affected and any changes to the audit plan that you recommend, if any, in response. Be specific and clear.