Inquiries about the substantial increase in revenue TWD recorded in the fourth quarter of 20X1 disclosed a new policy. TWD guaranteed to several municipalities that it would refund the federal and state funding paid to TWD if any municipality fails federal or state site cleanup inspection in 20X2. The audit risk would:

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1. Inquiries about the substantial increase in revenue TWD recorded in the fourth quarter of 20X1 disclosed a new policy. TWD guaranteed to several municipalities that it would refund the federal and state funding paid to TWD if any municipality fails federal or state site cleanup inspection in 20X2. The audit risk would: