Calculations and Fill in the Blank Auditing standards require the auditor to assess the risk of material misstatement a assertion level for classes of transactions and account balances, and to plan the aud are some questions related to audit risk assessment: (1 mark each point) a) If an auditor uses the audit risk model for the client company under audit to inherent risk is 40%, control risk is 50%, and acceptable audit risk is 20%, the assessed (Complete using a percentage) b) If an auditor assesses inherent risk to be medium, control risk to be low, and ac planned detection risk would be (medium). (Complete using one of the following terms: high, medium, or low) c) If an auditor assesses inherent risk to be low, control risk to be low, and acceptable au he would plan to gather would be (low). (Complete using one of the following terms: high, medium, or low) d) If an auditor believes the chance of financial failure is low and there is a corresponding acceptable audit risk would likely to be (increased). (Complete using one of the following terms: increased, decreased or remain the same e) If the audit assurance rate is 21%, then the level of acceptable audit risk is (79%) (Complete using a percentage)