Audit of home retail group , Risk Management

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Critically assess the risk-based approach to external audit with particular reference to the audit of Home Retail Group plc.

Note:

You must give examples of how you might collect evidence and assess the degree of business risk(obtaining an understanding of the entity and its environment and assessing the risks of a material statement) in the 2011 audit of the company and factors affecting the company's 'control environment'.

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