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Question 2 -Audit Risk Model (7 marks) What is the purpose of tests of controls? With reference to the three (3) main risk components of

Question 2 -Audit Risk Model (7 marks)

What is the purpose of tests of controls? With reference to the three (3) main risk components of the Audit Risk Model, explain the circumstances where it is NOTappropriate for the Auditor to test the controls of the client entity.

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