31 2 pts During the audit of Awesome Corporation, Johnny, the lead auditor assigned, has been discussing with the external audit team the different factors they need to assess to determine the inherent risks involved. Which of the following examples would result in lower inherent risk assessment in relation to accounting estimates? The applicable accounting framework does not specify a valuation approach The current business environment is in turmoil Management needs specialized skills or knowledge to develop estimates The process of deriving relevant and reliable data is simple