You are the auditor of BusyOffice Limited, a medium sized listed company selling office equipment in Australia. The coronavirus crisis has affected the company's operations this year. Answer all of the questions below. Assume each situation isindependentof the other situations. As many people had to work from home, online sale of office equipment increased substantially during the coronavirus lock-down period. The supply of some office equipment products started to be affected by labour shortage and border restrictions that affected delivery of products from suppliers, so many products were sold out and could not be replenished for quite some time. During the financial year, the audit client was fined for repeatedly over-charging customers and ignoring customer complaints. One of the reasons the audit client over-charged customers was because some employees often failed to check original customer orders against sales invoices.  Required: The three elements of the fraud triangle are: (A) incentives/pressures, (B) opportunities, and (C)attitudes/rationalisation.For each of the independent situations above, identify the most relevant element of the fraud triangle (e.g., write "B" if you think the answer is "opportunities") and indicate whether the situation results in higher or lower fraud risk (i.e., write "higher" or "lower").Noadditional explanation is needed. If fraud risk is not affected, write "N.A.", i.e., not applicable. (4 marks) Analyse how each situation affects thecomponents of the audit risk modeland theamount of audit evidence required. E.g., whether there is an increase or decrease in inherent risk and briefly explain why.Marks are only given if correct explanations are provided. You doNOTneed to explain why a situation doesNOTaffect a particular component of the model. (12 marks)