From the following situation described below: 1. John Jamieson was the CEO of Jamieson Wines Ltd (JWL) until he passed away suddenly during the current financial year. Following his death, his daughter Gillian, become the new CEO of JWL and embarked on a rigorous cost cutting exercise, which included deployment of key staff in the credit department and she has also initiated a new bonus scheme for the management. 3.5 marks 2. During the planning stage of the audit of JWL, the audit senior assessed the control sales system to be effective. However, when testing sales, the audit assistant traced two sales to supporting documentation (invoices) that had dates that were in the prior financial year. 3.5 marks Required: i. Outline briefly why the situation constitutes an audit risk ii. List and explain the components of the audit risk model affected and the impact.