Hi, please assist me in this question, thank you in advance for your assistance.

Indicate and explain the industry, regulatory and economic factors that are relevant to the auditors understanding of Singapore Airlines and in identifying risks of material misstatements in the financial statements.

Discuss the following: (i) Industry conditions (e.g. competitive conditions, technological changes, and industry trends); (ii) Regulatory factors; and (iii) Economic conditions. The analysis need to cover three (3) industry conditions, one (1) regulatory factor, and two (2) economic conditions. Then, make an overall assessment as to whether the information discussed about Singapore Airlines industry, regulatory and economic factors point to inherent risk as high, medium, or low. Justify the assessment.