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Question 5 a) Define the following: i. Audit risk ii. Inherent risk iii. Detection risk iv. Control risk Sampling risk vi. Engagement risk (6 marks)

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Question 5 a) Define the following: i. Audit risk ii. Inherent risk iii. Detection risk iv. Control risk Sampling risk vi. Engagement risk (6 marks) b) Explain the 'audit expectation gap' and suggest two steps that may be considered in addressing it. (4 marks) (Total: 10 marks) V

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