Moby Manufacturing Ltd. has substantially automated its accounting and production processes. During the audit of the financial year 2026–27, CA Neha…

Moby Manufacturing Ltd. has substantially automated its accounting and production processes. During the audit of the financial year 2026–27, CA Neha observed the following: The company's IT team made certain changes to the payroll application directly in the live environment without following the prescribed approval and testing procedures. The company has recently upgraded its inventory software, but certain branches continue to use the older version, resulting in errors while transferring inventory data between systems. In certain situations where the automated system could not process transactions, employees were permitted to override system-generated entries manually without independent review or proper documentation. The company experienced a ransomware incident in which certain financial and customer data became inaccessible and some files were found to be corrupted. The backup arrangements were also found to be inadequate. Based on the above observations, identify and briefly explain the four risks arising from the use of IT that CA Neha should consider while planning the audit of Moby Manufacturing Ltd.