You are an audit senior (in your third year with the CPA firm). You have just completed the audit plan for the inventory account of the Clyent Corporation, and December 31 fiscal year-end corporation. The plan includes the following:

-Risk of material misstatement was evaluated by your audit supervisor. She assessed RMM at low. Your CPA firm uses three values of RMM: low, medium, and meximum. -financial statement materiality is $100,000

-Account-level performance materiality for the inventory account is $50,000 -Individual significant item amount is $33,000

-You will test internal controls by observing inventory count at Clyent's warehouse at the end of the third quarter. This observation will include taking test counts of the inventory for tracing the september 30 master inventory list.

-You will perform a substantive procedures on a limited account of the inventory activities between september 30

- December 31. You will test the master inventory pricing using the December 31 inventory master list by tracing 50 items, selected randomly to the supporting documentation.

After making the plan, the audit supervisor becomes aware of information that causes her to change her assessment of control risk to "maximum" thereby increasing the combined risk of material misstatement for the inventory account to "The Maximum".

Describe in 200 words or less, how this information change your audit plan for the inventory?