Question: Please explain in detail, the audit risk model and how this model integrates with the Auditor's gaining an understanding of the entity, including its internal

Please explain in detail, the audit risk model and how this model integrates with the Auditor's "gaining an understanding of the entity, including its internal control, to assess the risk of material misstatement whether due to fraud or error, and to develop the nature, timing and extent of further audit procedures.

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