A second audit risk relates to how well the new till system is operating. You are concerned that the system may not be reliable, and that consequently not all sales have been recorded, resulting in an understatement of revenue. You are also concerned that staff may not yet be familiar with the system, leading to an increased risk of errors relating to data entry.Which of the following statements represent valid responses to this audit risk?(1) Perform *ytical procedures by comparing daily / weekly sales by store with both the prior year and with expectations, in order to determine whether any unusual patterns have occurred following the installation of the new system(2) Vouch the sales revenue per the system to the till receipts to confirm the accuracy of the sales(3) Obtain a copy of the training manual relating to the new till system and discuss with directors the extent of training staff have received on the new system(4) Test the internal controls relating to the till system and the transfer of data into the accounting system
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