please write short answer

Calculations and fill in the Blank Auditing standards require the auditor to assess the risk of material misstatement at the overall financial statement level and at the assertion level for classes of transactions and account balances, and to plan the audit in response to those assessed risks. Following are some questions related to audit risk assessment: (1 mark cach point) a) If an auditor uses the audit risk model for the client company under audit to assess audit risk and audit evidence, where inherent risk is 40%, control risk is 50%, and acceptable audit risk is 20%. the assessed planned detection risk would be 100%) (Complete using a percentage) b) If an auditor assesses inherent risk to be medium, control risk to be low and acceptable audit risk to be nigh the assessed planned detection risk would be (medium) (Complete using one of the following terms: high medium or low) cyfan auditor assesses innererit risk to be low.control risk to be low, and acceptable nudlemsk. to be ign, the amount of evidence he would plan to gather would be low (Complete using one of the following terms: high medium or low d) if an auditor believes the chance of financial fallure is low and there is a corresponding decrease in butinesisk for the auditor acceptable audit risk would likely to be increased (Complete using one of the following terms increased decreased or remain the same) e if the audit assurance rates 21.then the level of acceptable audit riskis (1910), (Complete using a percentage)