I need help with the subject of audit risk . what would be some things that I would need to focus on within this case. this is everything that I have on this case. what in this case is an audit risk matter?

IMPACT ON CURRENT PERIOD CASH FLOW 20Y3 20Y4 20Y5 Interest payment (O) (3,078) (1,583) Liability payment (F) 27,978) (24,900) (26,395) Net Impact on Current Period Cash Flow (27,978) 27,978) (27,978) IMPACT ON CURRENT PERIOD EARNINGS 20Y3 20Y4 20Y5 Amortization Expense (26,424) (26,424) Interest Expense (3,078) (1,583) Net Impact on Current Period Earnings 0 29,502) (28,007)CUMULATIVE IMPACT ON BALANCE SHEET ELEMENTS ASSETS: 20Y3 20Y4 20Y5 Cash (27,978) (55,956) (83,934) Right-of-Use Asset, net 79,273 52,849 26,425 Cumulative Change in Assets 51,295 (3, 107) 57,509) LIABILITIES + EQUITY: Lease Liability - Current 24,900 26,395 0 Lease Liability - Noncurrent 26,395 0 0 Retained Earnings 0 (29,502) (57,509) Cumulative Change in Liabilities + Equity 51,295 (3, 107) (57,509)Reguirements it is July 10, 20Y5, and you received an email from the accounting manager at JARPIN CORP (an issuer publicly traded company) explaining how the company has accounted for a lease transaction originating on 12/31/Y3, set to expire at the end of 20Y6 (this is the same lease transaction detailed in Part 1 of the project). As this is a new audit engagement for your rm, Patience and Associates, the partner has asked for the seniors on the engagement (your group) to review the transaction and develop an audit plan for the 20Y5 audit of JARPIN's lease accounts (both balance sheet and income statement related' both balance and transaction related assertions). The partner would like you to draft a memo outlining your audit plan that addresses the following matters