audit risk and audit response

Are the following Audit response appropriate kindly tell me?

AUDIT RISK:Due to the fall in demand for Kangaroo Construction Co’s
(Kangaroo) houses, there are some houses where the
selling price may be below cost. IAS 2 Inventories
requires that inventory should be stated at the lower of
cost and NRV

AUDIT RESPONSE: Recalculate the NRV of the houses and detailed cost testing should be done and Ensure whether any write down is required.

AUDIT RISK: Receivable days have increased from 49 to 91 days and
management has significantly extended the credit terms
given to customers.There is a risk of irrecoverable debts as they may be overvalued.

AUDIT RESPONSE: extended post year end cash receipts testing should be done to ensure any payments have been recieved & discuss with management for any allowances for recievables.