1. The purpose of is to evaluate the economy and efficiency with which resources are employed. A) financial audit B) compliance audit C) internal audit D) governmental audit 2. requirement, audit documentation Ignoring any particular legal or regulatory should be retained A for a minimum of five years. for a minimum of seven years. until three years after the client appoints another auditor. forever. D 3 is NOT a component of the audit risk model. A) Inherent risk B) Statistical risk C) Detection risk D) Control risk