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1. What is the audit risk model equation? Define each element of the audit risk model. In addition, which element(s) from the audit risk model

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1. What is the audit risk model equation? Define each element of the audit risk model. In addition, which element(s) from the audit risk model does the auditor have control over, and which element(s) does the auditor have no control over? What can an auditor do to reduce overall audit risk

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