Based on the given scenario, outline your response to the management's proposal and mention any concerns you might have.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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After finishing your accounting degree, you joined an accounting firm. This is a medium-size accounting
firm with a reasonable range of clients. You are in an engagement meeting with one of your clients, and
your client's management raises some concerns. In particular, the management is concerned that the
audit tests that you perform will disrupt operations. Your client has recently implemented a data
warehouse. The management suggests that you draw the data for analytical reviews and substantive
testing from the data warehouse instead of the operational database. Further, the management points
out that operational data are copied weekly into the data warehouse, and all data you need are contained
there.
Required: Based on the given scenario, outline your response to the management's proposal and mention
any concerns you might have.

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