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One of your clients recently upgraded its accounting system from a medium-scale general ledger package...

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Accounting

One of your clients recently upgraded its accounting system from a medium-scale general ledger package to a complex state-of-the-art enterprise resource
planning system. This installation took place over the last nine months of the entity's fiscal year and is nearly 100% complete by the balance sheet date. Which of
the following best describes the main impact of this event on the audit risk model for the current year?
Multiple Choice
It will likely increase the risk of material misstatement.
It will likely decrease the risk of material misstatement.
It will likely decrease the audit risk.
It will likely increase the detection risk.
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