You are a junior auditor at Stellar Audio Firm in Australia. Your firm has been engaged to audit a local restaurant chain, FreshBites FreshBites is a small business that has been operating successfully for several years, and this is their first time undergoing an aud The owner of FreshBites, Ms Lisa Cook is unfamiliar with the auditing process. During your initial meeting, she expresses her concern about potential niks and how they might impact her business. She asks you to explain how your firm will manage these risks during the audit A. How would you explain the concept of the Audit Risk Model, as per the Australian Standards on Auditing, to Ms Cook in a way that addresses her concerns? B. Describe in simple terms how you would assess the inherent risk, control risk, and detection risk for FreshBites. Provide examples relevant to her business and explain how these steps can help ensurk the accuracy of her financial statements..