How are the following situations likely to affect the risk of material misstatement?

Group of answer choices

An internal audit department has been established.

[ Choose ] Increase No Effect Reduce

A new inventory control system has been installed that reduces the access of unauthorized parties.

[ Choose ] Increase No Effect Reduce

Inexperienced accounting personnel were hired in the accounting department.

[ Choose ] Increase No Effect Reduce

Management has become overly aggressive in reaching target goals

[ Choose ] Increase No Effect Reduce

8. An expert was hired to help determine the value of the ore content in ending materials inventory.

[ Choose ] Increase No Effect Reduce

A new bonus program has been introduced for management based on financial performance

[ Choose ] Increase No Effect Reduce