Question 7
ICAN
•
2026
•
ADVANCED AUDIT ASSURANCE AND FORENSICS
•
mixed
Case Stimulus
Channel Retail Plc. operates a chain of supermarkets across Nigeria. The company uses advanced accounting software for sales and inventory management. During the external audit, it was noted that the: (i) auditors suspected the manipulation of sales figures, but needed to identify the unusual transactions; (ii) company’s enterprise resource planning (ERP) system had complex modules, and the audit team must understand its configuration; (iii) company recently adopted blockchain technology to record supplier payments; and (iv) auditors were considering whether Artificial Intelligence (AI) and Robotic Process Automation (RPA) tools can help automate parts of the audit process.
Requirements
(
a
)
How statistical analysis can be applied to detect outliers in Channel Retail’s sales records.
(
b
)
Why it is necessary for the auditors to interrogate the client’s accounting software system.
(
c
)
The audit procedures for interrogating client’s enterprise resource planning (ERP) systems.
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About This Question
This is
Ican
2026
Advanced Audit Assurance And Forensics
Question 7.
It is one of the
mixed
questions from the
2026
Ican
Advanced Audit Assurance And Forensics
examination.