Need help with identify risk factors etc for this question please.

Question 2. Audit Planning Assuming all potential threats can be mitigated, and Foster has accepted Cubit Commercial Furniture as an audit client. He has asked you to perform risk assessment in planning for the audit of Cubit Commercial Furniture Lid for the 2022 financial year. You need to consider both the narrative and financial information when performing risk assessment and your audit planning workpaper must cover the following: (40 marks) a) Identify ten risk factors (conditions) that indicates that the financial statement might be misstated. b) Determine the potential impact of each risk factor on the financial statements or the audit (e.g. which account and assertions might be misstated). c) Determine the audit strategies or procedures that may address the risk of material misstatement. Use the following format to present your answer. Identify the risk Potential impact on the Audit strategies or procedures to factor (a) financial statements or the address the risk of material audit. (b) misstatement (c) 1 2 3 4 etc