Make an assessment of the overall inherent risk level (IR) for Company- Origin Energy by using the annual report of 2020 and reference the page numbers of where you have found the information in annual report and also reference the Auditing standard paragraphs that you are drawing your information from.

Conclude with a rating of High/Medium/Low supported by your discussion in each question.

1. Describe the impact of the nature of the company's business on Inherent Risk.

2.Describe the impact of the results of previous audits on Inherent Risk.

3. Describe the impact of initial vs repeat audits on Inherent Risk.

4.Describe the impact of estimates and judgement required for accounts on Inherent Risk.

5. Describe the impact of non-routine transactions on Inherent Risk

6. Describe the potential for fraud on Inherent Risk

7. List and describe any other factors from the annual report that you think are relevant for assessing Inherent Risk

Conclusion:What is your overall IR level assessed and why?