A. Thompson, CPA, is considering setting an acceptable level of audit risk at the financial statement level in planning the audit of Golden Rams Corporation's financial statements for the year ended December 31, 20 Indicate whether each of the following factors would most likely increase, decrease, or have no effect on overall audit risk. Place the correct letter with the related definition below. A- -Increase B--Decrease C-No Effect 1Thompson, CPA has audited Golden Rams for five consecutive years and each year issued an unmodified (unqualified) opinion. -2. ASU change from a bi-weekly to a monthly payroll system. 3. The accounting department of Golden Rams has experienced a high rate of turnover of key personnel. monitor Golden Rams financial performance. who also acts as the chief executive officer (CEO) of Golden Rams Corporati 4, A loan officer of the local bank meets regularly with Golden Rams Controlle -5. Golden Rams board of directors is controlled by Peace, a majority stockholde 6. Golden Rams hired an internal auditor on December 1, 2017. B. Can an auditor place complete reliance on internal control to the exclusion of other audit procedures? Explain