Assume that an auditor uses the audit risk model on two different engagements as follows:

Engagement Audit Inherent Control Detection Risk Risk Risk Risk {as calculated} I .01 .40 .40 .0625 II .01 .20 .40 to be determined A. Calculate \"detection risk". Compared to engagement I, will the auditor do more or less \"audit work" on engagement II. ND Discussion is necessary. B. \"Tell a story\" to explain \"part A" in a manner that someone Hot familiar with the audit risk model would likely understand. DO NOT refer to the audit risk model directly in your discussion. A. Detection risk The auditor will do on engagement II compared to I. Do NOT Discuss. E. Story [Do NOT refer directly to the audit risk model, or terms from the Audit Risk Model]