CH y unu nosulance Services T321 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 (IR), control risk (CR) OK detection risk (DR) or none. of 1 2 Situation Component of audit risk (IR or CR or DR or none ? Inadequate audit plan ? Incomplete bank reconciliations ? Complex calculations and transactions? to be processed by accounting staff Weak internal controls ? 3 4 4 5 Large cash balances held on premises ? S iii = III % c? I U x x B = li C A HI CHI H