Please see questions in attached image. Thank you

QUESTION 4 10 Marks a) There are three components in the audit risk model that are considered as influencing overall acceptable audit risk. Required Name and briefly explain each of these three components. (6 marks) b) in your audit of FNQ Private Hospital Pty Ltd, it is initially planned to rely on controls to a high degree. However, subsequent control testing reveals that the controls are not working as designed and therefore cannot be relied upon. Required Explain how these findings would impact the components of the audit risk model, and therefore audit strategy (the type of audit procedures and evidence to be collected). (2 marks) C) Oz Ltd has eight legal firms on its panel of lawyers. Some of these firms specialise in property matters, whilst others in commercial matters such as employment disputes and general corporate advisory work. Required What type of communication should you and your audit team have with each legal firm? Explain. (2 marks)