For the following cases, asses the Inherent risk (IR) and Acceptable Audit Risk (AAR) for each one

What is the IR of legal Provision: Legal provision which recoded according to the Companys lawyer expectations.	Answer 1Choose...LowHigh
What is the expected AAR of XYZ Company: The following are the details of certain figures of audited financial statements of XYZ Company (limited privet Company): Total fixed assets is U.S. $ 16 Million Total current liabilities is U.S. $ 4 Million and none-current liabilities is U.S. $ 10 Million. Total equity is U.S. $ 5 Million.	Answer 2Choose...LowHigh
What is the AAR of Palestine Electric Company - PEC	Answer 3Choose...LowHigh
What is the IR of governmental assistance revenues: XYZ Company received governmental assistance in the amount of 2 million against the loss incurred as a result of last Gaza War.	Answer 4Choose...LowHigh
What is the AAR of ABC Company. CPA firm engaged to audit the financial statements of ABC Company (Public Shareholding Company) which managed by an integrity and competent management.	Answer 5Choose...LowHigh
What is the expected IR for salaries 2020: Auditor found that the salaries of December 2019 of PALTEL was recorded as stationary expenses instated of salaries expenses.	Answer 6Choose...LowHigh
What is the IR of Accounts receivable of PALTEL	Answer 7Choose...LowHigh
What is the AAR of Metro Market. CPA firm engaged to audit the financial statement of Metro Market.	Answer 8Choose...LowHigh
What is the IR of account receivable of XYZ Company: The following are the details of accounts receivable of XYZ Company: Due from individuals U.S. $ 1.5 Million Due from government U.S. $ 5 Million. Due from an associated Company U.S. $ 0.5 Million. Others U.S. $ 0.2 Million.	Answer 9Choose...LowHigh
What is the IR of Amounts due from associated Company	Answer 10Choose...LowHigh