Identify the impact as (A) Increase(s) (B) Decrease(s) (C) Does not change (D) Has an unknown change 1. In response to new legislation, the senior audit partner has determined that the acceptable audit risk should be set at one quarter of its current level. As a result, the detection risk 2. While conducting the audit you conclude that the internal controls are not as reliable as initially anticipated. Therefore, the planned level of substantive tests 3. During the year, the company increased its casualty insurance coverage on several pieces of sophisticated machinery from historical cost to replacement cost. Inherent risk 4. After accepting a new client, the auditor learns that the accounting department has experienced virtually no turnover of key personnel. Therefore, the auditor's assessment of control risk 5. After the audit report is released, the auditor learns that the client signed a contract to lease disposal equipment from an entity owned a parent company during the previous fiscal year. Thi transaction is not disclosed in the notes to TWD's financial statements. Therefore, the achieved audit risk 6. Maxi Write Corporation is one of several companies engaged in the manufacturing of computer parts. The industry is very competitive and subject to quick changes in technology. The company has never been the leader in the industry. Upon learning this information, the auditor assessment of control risk 7. As the assurance provided by substantive tests increases, the detection risk 8. Discovering evidence that the manager has strong incentives to commit fraud, many opportunities to commit fraud, and does not believe that fraud is wrong, the auditor level of acceptable level audit risk 9. As the percent of independent board member increases, the control risk 10. Your client enters as a new more complex industry, so planned the test of details