Hamsa Furniture Manufacturer of shelves and cupboards sells kitchen shelves and cupboards. The business was developed by its proprietor Mr. Hamsa Rahim. Internal control system of the company ensures checks on the day to day transactions which operate continuously as a part of the routine system where a person's work is being proved independently or is complimented by the other. Abdul and Associates Audit Firm is re-appointed as auditors in Hamsa Furniture Manufacturer for a year ended 31st March 2017. The overall level of acceptable audit risk of the client is considered as 15%. The inherent risk and control risk are assessed at 60% and 90% respectively. Question 2: (i) Explain the meaning of 15% level of Audit Risk. (ii) Calculate the detection risk from the case let using the audit risk model and discuss on the same. (iii) Calculate the detection risk, if the audit risk increases to 20% and how would the audit Work be affected by the change