Question (7 marks) An auditor must understand audit risk and its components when planning the financial report audit Required For each of the test below match the correct risk been identified. Is it inherent risk, control risk or detection risk or none. Situation Component of audit risk (IR or CR or DR) 1 2 Auditor performing low levels of testing on ageing of accounts receivable Unauthorised staff allowed in the inventory warehouse Company facing cash flow difficulties in paying current obligations Auditor did not supervise audit work performed 3 4 5 Change in key management personnel in the business 6 Inadequate assignment of personnel to audit engagement team Business impacted by COVID-19 Z