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What is the audit risk model

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Reference no: EM132464146

Explain the following:

Question a) What is the Audit Risk Model, explain it and the variables that are part of it?

Question b) 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.

Question c) How does Audit Risk change with changes in each of the variables in (a) above?

Question d) 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".

Attachment:- audit risk.rar

Reference no: EM132464146

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