Your audit client is Techgiant, a listed company that invests in the technology sector. Techgiant recently acquired Woofer, a communication platform primarily used by people with pets to share funny photos, videos, and stories about their pets for free. Woofer has established such a strong community that it has also become known as a dating site. Techgiant plans to generate revenue by creating a paid service for enhanced dating functionality within Woofer. Techgiant paid $100m to acquire Woofer (a substantial premium over the existing stock price), which was funded by a ten-year $100m loan. Immediate repayment of the loan is required if Techgiant's assets (excluding Woofer) fall below $150m. Techgiant's assets (excluding Woofer) are currently valued at $200m, comprising investments in around 50 listed technology firms (accounting for $170m) and 10 unlisted technology startups (accounting for $30m). Techgiant likes to hold investments in startups for at least 5 years and typically makes 1-2 unlisted investment transactions per year.

Required

1/ Explain two business risks faced by Techgiant.

2/ State and justify your assessment of the Inherent Risk for the completeness of "Investments" for Techgiant (high, medium, or low) and provide two reasons to justify your answer.

3/ In relation to the accuracy of the interest payment expense for Techgiant, state a preventative OR detective control that would mitigate the risk and state how you would test that control.