Ican 2025 Advanced Audit And Assurance Question 7

Messrs ABC Pharmaceuticals Limited is a business formed and started by three registered pharmacists who decided to run a chain of pharmaceutical outlets in different towns in the country. Discussions with them indicate that they are considering implementing a system which will be liberal, but still give them the opportunity to the kept informed of the operations at the different locations that the business are located. This involves the implementation of a level of computerisation. At their last physical meeting in Lagos, before two of them departed to their respective locations, it was agreed that the audit firm you work for should be appointed as auditors to enable them get proper guidance on the accounting and IT processes from the early stages to avoid having undue technical hitches. They have also agreed to have another meeting via the Zoom application, which your firm will host because of the information to be presented.