Question: 1. Professional auditing standards present the audit risk model, which is used to determine the nature, timing and extent of audit procedures. Describe the components

used to determine the nature, timing and extent of audit procedures. Describe

1. Professional auditing standards present the audit risk model, which is used to determine the nature, timing and extent of audit procedures. Describe the components of the model and discuss how changes in each component affect the auditor's need for evidence

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