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Question 46 If an engagement is performed without due care, the auditor may be held liable for an actionable tort (offense) in negligence. True False Question 47 Breach-of-contract liability is based on the auditor's failing to complete the services agreed to in the contract with the client. True False Question 48 Auditors will always be held criminally liable if unknowingly and after performing with due care, he issued unqualified report while the financial statements in fact contained material misstatements. True False Question 49 gross negligence can also be deemed criminal True False Question 50 All legal liabilities of the auditors are punishable by imprisonment. True False Question 51 Explain the risk model in audit planning then: Show the relationships between its components. Show how it affects each of evidence collection, and level of materiality A full clear explanation is required to earn any bonus grades in this