May i please get answers to these question!

Auditing Assignment 2 You have recently been appointed as the external auditor of Hope-well Limited, a manufacturer of refrigeration and air conditioning units. It is six months until the company's year end. Hope-well Limited had appointed another audit firm at the previous annual general meeting, but that firm has recently resigned. You are the audit senior in the team that will audit Hope-well Limited for the year ended 31 December 2022. Your firm has extensive experience in auditing manufacturers of electrical home appliances. A junior member of your audit team has identified a number of issues at Hope-well Limited; however, she is unsure of what impact these will have on the risk based audit approach. The issues are: 1. Hope-well Limited operates in a very competitive market with other ten companies. 2. There has been a high turnover of staff within both the finance and operational departments. 3. Hope-well Limited is hoping to expand the business through acquisition and aggressive sales and marketing targets. 4. The company has been operating close to its overdraft limit for at least two years. 5. The directors are also in the process of preparing an application for a substantial loan. 6. A preliminary analytical review indicates a good year for Hope-well Limited, despite the market for their product, as a whole, dropping. (a) Identify and explain SIX audit risks that exist in the audit of Hope-well Limited? (b) Explain why it is not possible to eliminate audit risk completely