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Question 2 2.1 The risk of the auditor getting it wrong or giving opinions that are not 100% accurate will always be present and

Question 2 2.1 The risk of the auditor "getting it wrong" or giving opinions that are not 100% accurate will always be present and this is referred to as audit risk. Audit risk is better understood when the components of the risks are understood. Identify and explain the three components of audit risk. (9 marks)

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