1 a) What is acceptable audit risk, and how may this risk affect the scope of the auditors work?

B) What is an engagement letter? Is there any similarity between the engagement letter and the standard unmodified audit report? Please explain.

C) When may an auditor seek the help of an outside specialist, and what responsibility the auditor maintains if he/she uses such help?

D )Please write out the Audit Risk model equation for planning and explain it.

E) The COSO Framework described five components of internal control that management designs and implements to provide reasonable assurance that its control objectives will be met. Please list and explain these.

F)What are tests of controls, and what are the procedures for test of controls?

What is an AUDIT PROGRAM? What is the main purpose of using an audit program in auditing?