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1. Which TWO of the following are objectives of the external auditor? (10 MARKS) A. To consider the adequacy of the accounting records which have

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1. Which TWO of the following are objectives of the external auditor? (10 MARKS) A. To consider the adequacy of the accounting records which have been maintained B. To confirm the company will continue trading for the foreseeable future C. To obtain an understanding of the internal control system in place D. To access the books and records of the company 2. Define audit risk and the components of audit risk. ( 20 MARKS)

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