Question: Explain if and bow these current events might impact the audit team's risk assessment for the current year audit. Specifically discuss what impact, if any,

Explain if and bow these current events might impact the audit team's risk assessment for the current year audit. Specifically discuss what impact, if any, this information would have on the auditor's assessment of the Commander's risk of material misstatement (RMM)(i.e., inherent risk and control risk), detection risk, and the nature, timing, and extent of planned auditipostures. For information about auditor's risk assessment process, refer to the AICPA (2023) suditing standard-AU-C Section 3/5, Understanding the Entity and its environuent and Assessing the Risk of Material Misstatement.
Explain if and bow these current events might

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