Please answer all of the questions below. This is all the information that are given. Thank you.

Question 3 12 Marks (a) If the auditor sets a high audit risk, what impact would this have on the type and amount of evidence the auditor would need to gather? (3 marks) (b) If the auditor concludes that internal controls are weak, what impact would this have on the overall audit strategy? (3 marks) (c) Explain which components within the audit risk model make up the risk of material misstatement? (4 marks)\f\fQuestion 1 6 Marks (a) Explain the term professional scepticism as it relates to the audit process. (3 marks) (b) If the auditor sets a low audit risk, what impact does this have on the type and amount of evidence the auditor would need to gather