Question: 3. We discussed the audit risk model in class. There are three components of this model. Required: a. Define audit risk. b. Describe in detail

3. We discussed the audit risk model in class. There are

3. We discussed the audit risk model in class. There are three components of this model. Required: a. Define audit risk. b. Describe in detail each of the three components and how they are related to each other. . c. Which component(s) do auditors assess and which do they have control over

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