Using the Audit Risk Model, What Are the Risks Involved

question 3

Essay

Using the Audit Risk Model, what are the risks involved in the model and what relationship does each risk in the model have with planned audit evidence (Inverse or Direct)?

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Definitions:

Democratic Process

The methods and procedures that allow citizens in a democracy to participate in decision-making, commonly through voting in elections.

Civil Disobedience

A form of protest where individuals refuse to obey certain laws, norms, or commands of a government or occupying power without resorting to physical violence, to bring about change.

Raises Awareness

The act of bringing a specific issue or cause to the attention of the public or a certain group to generate interest or support.

Law's Punishment

The penalties or sanctions imposed by a legal system on individuals or entities found guilty of violating laws.