Section III Explanation of part of model. Assume that an auditor uses the audit risk model on two different situations as follows: Situation Audit Risk Inherent Contro1 Detection Risk (as calculated) Risk Risk 05 40 40 20 . 05 .40 to be determined A. Calculate "detection risk" Compared to situation I will the auditor do more or less "audit work" on situation II Discuss. Refer to the audit risk model and it's components in your discussion. B. "Tell a story" to explain "part A" in a manner that someone not familiar with the audit risk model would likely understand. DO NOT refer to the audit risk model directly in your discussion. A. Detection risk, Amount of audit work, and Discussion [Refer to audit risk model]