Comprehensive Inc. and Other $25\%20\%15\%10\%7\%6\%$ Total Common Equity $54\%44\%42\%36\%33\%33\%$ Total Equity $54\%44\%42\%36\%33\%33\%$ Required: $1.$Based on your responses to the practical question in Topic $3($last week$),$ evaluate the audit risk model for Wirecard which provides an initial assessment of inherent risk, control risk and detection risk, providing reasons and an assessment $($low$,$ medium and high$).$ Audit Risk Model $($AR $=$IRxxCRxxDR$)$ Part$1$: Inherent risk will be hight. Complex Transactions: Due to Wirecard's huge volume of digital transactions, fraud is challenging to identify. Working in the financial technology sector, which is vulnerable to fraud because of its rapid innovation and lax regulatory monitoring, poses an industry risk.