This is what I have done for question 1A and I am stuck please help me to answer the question. Thank you

The auditor needs to collect various types of information about Singapore Airlines and its environment, including the industry, regulatory and other external factors, as well as the nature of Singapore Airlines' business, and its objectives and strategies. The audit partner requests you to write a report based on your ndings. (3) ('3) Indicate and explain the industry, regulatory and economic factors that are relevant to the auditor's understanding of Singapore Airlines and in identifying risks of material misstatements in the nancial statements. Discuss the following: . Industry conditions, e.g. competitive conditions, technological changes, and industry trends; 0 Regulatory factors; and 0 Economic canditions. Your analysis should cover three (3) industry conditions, one (1) regulatory factor, and two (2) economic conditions. Make an overall assessment as to whether the information discussed in (a) about Singapore Airlines' industry, regulatory and economic factors point to inherent risk as high, medium, or low. Justify your assessment. You may use the following template below to structure your answers: - II . Re_ Into factor Economic conditions Overall assessment on inherent risk: Hi_ | Medlumeow + Ex . lain wk (20 marks} The audit partner has also requested you to perform some research to help the engagement team to gain an understanding of the nature of the client, and its operating characteristics. Indicate and explain how the nature of the client is relevant to the auditor's understanding and helps the auditor to identify risks of material misstatemenm. Discuss the following: - Client's business strategy; and O Other operating characteristics, such as the types of products and services, locations, and compensation. Make an overall assessment as to whether the information discussed in (b) about the nature of Singapore Airlines and its operating characteristics point to inherent risk as high, medium, or low. Justify your assessment. (15 marks) (a) Three industry conditions One regulatory factory Industry conditions The decrease in international air travel demand due to covid 19 pandemic causes a widespread fall in passenger network for SIA group, causing them to operate at only 3% of its pre-Covid capacity A. 2. Airlines profit margins are getting increasingly smaller due to higher expenditure such as 3. Strong air cargo demand Regulatory Factor _x The risk comes from how capable are they in controlling a incident of Covid 19 outbreak Economic Conditions Overall assessment on inherent risk