The audit staff have recently completed risk assessment procedures to gain an understanding of JKJ Industries. For each risk factor below, decide whether each piece of information would fit into your assessment of inherent risk or control risk and whether it would increase or decrease this risk. Inherent risk or Control risk Increases or decreases specific risk? Due to the size of JKJ, only one accounting clerk does most of the accounting. In recent years, there has been increased competition in the industry within which JKJ operates. All cheques require the signature of both owners. JKJ's inventory has a shelf life of six months