Part B

The financial controller resigned during the year and the company has yet to hire another financial controller. The accounts of the current year were prepared by the assistant accountant.

For situation above: (i) Which component of the Audit Risk Model (ARM) would be affected, and how? (ii) Discuss how your audit plan would be affected.

Note: Prepare your answers for part (b) in a tabular format as follows:

Component of RAM	Effect on Audit Plans