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Consider the Audit Risk Model, AR = IR x CR x DR Which risks are client risks and which are auditor risks? If the risk

Consider the Audit Risk Model, AR = IR x CR x DR

  1. Which risks are client risks and which are auditor risks?
  2. If the risk of material misstatement was assess as high, how would that impact the model? In other words, describe how the components relate to each other.

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