Question: please help me solving this question as i am facing some issues: question: You are an audit senior at an auditing firm in Victoria. The

please help me solving this question as i am facing some issues:

question: You are an audit senior at an auditing firm in Victoria. The firm has recently won the audit of a small dairy farm located in Warrnambool named Milky-Bar Pty Ltd (Milky-Bar). You have been assigned to the audit. The audit partner in the planning meeting tells you not to worry about the controls because the firm is quite small. Reviewing the audit program for Milky-Bar you notice that the audit program relies mostly on substantive procedures.

Required:

Discuss the expected levels of control risk and detection risk you would expect to see in the Audit Program for Milky-Bar.

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