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1. Discuss and explain the independent auditor's responsibilities to detect and report errors and frauds? 2. Can an auditor place complete reliance on internal control

1. Discuss and explain the independent auditor's responsibilities to detect and report errors and frauds?

2. Can an auditor place complete reliance on internal control to the exclusion of other audit procedures? Explain your answer using the audit risk model.

3. Discuss some sources of inherent risk factors relating to the clients business and environment.

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