Urgenth help... with proper reference

Question 2: 10 marks Consider the below chart from our textbook (Auditing: An International Approach with Connect access, 8th Edition Smieliauskas and Bewley (McGraw Hill Education)) on page 342. Impact of Assessed Levels of Inherent and Control Risks on Detection Risk and Planned Substantive Evidence Gathering ASSESSED CONTROL RISK Risk is high Risk is not high Controls are weak or auditor decided Controls are effective and auditor not to test them. confirmed this by testing them. Risk is high Accepted detection risk must Accepted detection risk will be be low. medium. Highly persuasive substantive Moderately persuasive substantive evidence is needed to obtain evidence should be obtained assurance. ASSESSED INHERENT RISK Risk is not Accepted detection risk will be High detection risk can be high high. B medium. Moderately persuasive substantive A relatively low level of substantive evidence should be obtained. evidence can be used to support reasonable assurance. Situation "A" is when assessed inherent risk and control risk are both high Situation "B" is when assessed inherent risk and control risk are both low Required: a) Which of Inherent Risk, Control Risk and Detection Risk does an auditor control? Explain why the auditor does or does not for each of those Risks. b) Find an article from a reputable news source about any company; explain an example of Inherent Risk for that company given the information in the article (the company does not need to be a publicly traded company - assume, based on the news article, you are an auditor analyzing the facts). Make sure to provide a proper citation for the article (full URL) and include a "print to PDF" copy with your GA1 submission in e. Centennial. c) Referencing the Audit Risk Model, how would an auditor analyze and decide on how to set the Detection Risk for an engagement in both situations "A" and "B" from the above table