Question: QUESTION THREE The risk-based audit approach will minimise the possibility of audit objectives not being met (ACCA, 2008). Discuss this statement in the light of

QUESTION THREE The risk-based audit approach will minimise the possibility of

QUESTION THREE The risk-based audit approach will minimise the possibility of audit objectives not being met (ACCA, 2008). Discuss this statement in the light of 'Audit Risk Model (i.e. audit risk = inherent risk x control risk x detection risk)'. Support your argument(s) with relevant example(s). (50 Marks)

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