Please give an explanation as well. thank you

INSTRUCTIONS: FOR EACH RISK, PLACE IT ON THE MATRIX BASED ON YOUR DISCUSSION. MAKE EXTRA RISK BOXES IF NEEDED RISK 1 HIGH RISK 2 RISK 3 MAGNITUDE OF POTENTIAL MISSTATEMENT RISK 4 RISK 5 RISK 6 MED RISK 16 RISK 7 RISK 8 RISK 12 RISK 11 RISK 9 RISK 15 RISK 10 RISK 14 LOW RISK 13 LOW MED HIGH LIKELIHOOD OF OCCURRENCE INSTRUCTIONS: FOR EACH RISK, PLACE IT ON THE MATRIX BASED ON YOUR DISCUSSION. MAKE EXTRA RISK BOXES IF NEEDED RISK 1 HIGH RISK 2 RISK 3 MAGNITUDE OF POTENTIAL MISSTATEMENT RISK 4 RISK 5 RISK 6 MED RISK 16 RISK 7 RISK 8 RISK 12 RISK 11 RISK 9 RISK 15 RISK 10 RISK 14 LOW RISK 13 LOW MED HIGH LIKELIHOOD OF OCCURRENCE