Which part of the audit risk model these statements about "Apollo shoe" fall under inherent risk or control risk) if they affect the risk of material misstatement, and what impact they have on detection risk 14 Apollo's accounting and control manual has not been kept up to date. 15 Apollo's CEO, Larry Lancaster, joined the company a few years ago. 16 Apollo's credit manager reports to the VP of Marketing Apollo's current products have built in features such as lights and loudspeakers 17 that make the product appropriate for several niche markets such as athletes who like to compete at night, police officers on graveyard shifts and musical 18 Apollo's internal audit director, Karina Ramirez, just joined the company this Apollo's IT staff is small and precludes optimal segregation of duties over the 19 information system Apollo's sales to employees, COD sales, disposals of property, cash sales and 20 scrap sales are not subject to the same set of controls as credit sales. In the current year Apollo has seen a significant increase in net income despite 21 stagnant sales. Larry Lancaster, Apollo's new CEO is quite domineering and dictates 22 accounting issues. Product litigation against Apollo has recently been settled, but Apollo admits no 23 liability 24 Sales are below budget. The internal audit director, Karina Ramirez, reports directly to the audit 25 committee. IR Factor CR Factor Why? Comments Impact on RMM Impact on DR Which part of the audit risk model these statements about "Apollo shoe" fall under inherent risk or control risk) if they affect the risk of material misstatement, and what impact they have on detection risk 14 Apollo's accounting and control manual has not been kept up to date. 15 Apollo's CEO, Larry Lancaster, joined the company a few years ago. 16 Apollo's credit manager reports to the VP of Marketing Apollo's current products have built in features such as lights and loudspeakers 17 that make the product appropriate for several niche markets such as athletes who like to compete at night, police officers on graveyard shifts and musical 18 Apollo's internal audit director, Karina Ramirez, just joined the company this Apollo's IT staff is small and precludes optimal segregation of duties over the 19 information system Apollo's sales to employees, COD sales, disposals of property, cash sales and 20 scrap sales are not subject to the same set of controls as credit sales. In the current year Apollo has seen a significant increase in net income despite 21 stagnant sales. Larry Lancaster, Apollo's new CEO is quite domineering and dictates 22 accounting issues. Product litigation against Apollo has recently been settled, but Apollo admits no 23 liability 24 Sales are below budget. The internal audit director, Karina Ramirez, reports directly to the audit 25 committee. IR Factor CR Factor Why? Comments Impact on RMM Impact on DR