Short Answer #1 (8 points)

Describe the audit risk model and each of its components.

Short Answer #2 (5 points)

Define fraud and distinguish between the two main categories of fraud. What is the Fraud Triangle? List its components.

Short Answer #3 (7 points)

List, define, and provide examples of the type of activities (business strategies) relevant to the five components of the COSO internal control framework