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Audit Risk Please explain the audit risk model, and the components of audit risk. Which components are determined by the auditor, and which are based

Audit Risk Please explain the audit risk model, and the components of audit risk. Which components are determined by the auditor, and which are based upon the auditors assessment of the client? (Initial post should be approximately 250 to 500 words, and should cite at least one outside source. All posts must be grammatically correct.)

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