Assignment Questions: Fashion 2021 is a small retail company, with one store located in Dubai. It wants to develop a website through which customers can make purchases. The store sells traditional but up-to-date clothing for young women such as tee-shirts, jeans, and chinos. The store has been open for 10 years, and the company added the online shopping capability just last year. Online business has been slow, but the owners believe that people will use the online site to continue to have access to their store due to COVID-19 pandemic. The store's Website should have many features. It should classify clothing by type, and customers can view items in various colors. To purchase an item, the user clicks on the icon depicting the desired product and adds it to an individual online shopping basket. The customer can view the basket and make a purchase at any time while browsing the site. When checking out at the site, a new customer must first register, providing billing and shipping information, as well as credit card data. Returning customers login with the identification code and password they created when they registered. They also use that method to check on an order status. If a customer forgets their login information, they can simply click on a link to have it e-mailed to them. Once a user registers, Basic requirements system will automatically add their e-mail address to a file that they use to regularly send out e-mails about sales and other promotions You, as an internal auditor, have been asked to audit the new system (website) development, and the risk-based auditing approach will be considered in the auditing process. Requirements: Question 1 (CL04) 5 Marks Develop a risk-based audit for the new website development. In particular, you need to identify, assess, and prioritize risks. Question 2 (CL05) 5 Marks For each risk identified above, design internal controls that can be used to minimize or prevent the risks. Further, prepare tests of controls to ensure that the suggested controls are sufficient to prevent and detect the risks