What are the general audit risks that are associated with the audit of small proprietorship and partnerships?

In my opinion normally there are two kinds of audit risk.

1. Inherent Risk: This risk is embedded in the nature of business and is normally unvaoidable. Inherent Risk is tolerable up to a certain limit.

2.Control Risk: This risk exists either due to absence / lack of control or theri inefficiency. Control risk can be mitigated to a great extent by foucssing on control weaknesses and finding remedial solutions.

Inherent Risk: This risk is embedded in the nature of business and is normally unvaoidable. Inherent Risk is tolerable up to a certain limit

Thank you forinviting meto answer

Agreed with theanswer Professor Mohamed Ahmed