Question: AAR Acceptable Audit Risk CR = Control risk IR = Inherent Risk PDR Planned Detection Risk (note you are asked to evaluate planned evidence) |

AAR Acceptable Audit Risk CR = Control risk IR = Inherent Risk PDR Planned Detection Risk (note you are asked to evaluate planned evidence) | = Increase N = No Effect D = Decrease C = Cannot determine Company changed from privately held to publicly held. Slowing sales have increased the potential for inventory obsolescence. Indicate the effect on inherent risk: O Increase O Decrease O No change O Cannot determine

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