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Scenario: You are currently involved in planning for the audit of Windows & Doors Lid (WDL), a national company producing windows and doors. The market is highly competitive and WDL has been experiencing the declining sales over the past three years. Cost cutting has proven very difficult as the cost of materials used in the company's production line has increased each year. WDL's bank has continued to provide WDL with facilities; however, it has indicated that it expects to see improve results in the next financial report and has placed a number of quite restrictive covenants in WDL's lending agreements. Recent articles appearing in the financial press concerning WDL expected financial results have been very pessimistic about its likely performance. PART A) Discuss the overall impact on audit risk in the light of facts provided in the case study. (5 marks) - (as a guide, your answer should be minimum approximately 6 rows to adequately address the question) PART B) What specific component(s) of audit risk would be affected (5 marks) (as a guide, your answer should be minimum approximately 6 rows to adequately address the question)