Question: Define the audit risk model and explain each term in the model. Begin by defining the audit risk model. (Abbreviation used: PDR= Planned detection risk;

Define the audit risk model and explain each term in the model. Begin by defining the audit risk model. (Abbreviation used: PDR= Planned detection risk; AAR=Acceptable audit risk; R= Inherent risk; CR= Control risk.) A. PDR=IRCRAAR B. AAR=IRCRPDR c. CR=IRAARPDR D. IR=AARPDRCR

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