An auditor must understand audit risk and its components when planning the financial report audit Required For each of the test below match the correct risk been identified. Is it inherent risk, control risk or detection risk or none. Situation Component of audit risk 1 Insufficient audit procedures and testing during the audit Missing cash receipts journal in the accounts department IN Complex calculations and transactions to be processed by accounting staff 4 Paying suppliers by cash not cheques 5 Upgrade of new computerised system in the company