Refer to Exhibit 7.3 and consider the audit risk model, whereby Audit Risk = Inherent Risk × Control Risk × Detection Risk. Complete the boxes in the table below. Describe generalizations about the relationships among the four components of the audit risk model that you gain from the completed table. In which case will the auditor conduct the greatest amount of auditwork?

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Inherent Risk Control Risk Audit Risk Detection Risk Case 1 Case 2 Case 3 Case 4 Case 5 Case 6 Case 7 Case 8 100% 100% 596 5% 5% 5% 1% 1% 1% 1% 30% 40% 50% 50% 70% 80% 90% 50% 100% 60% 100% 70% 70% 80%