Audit Risk Model Write Out the Audit Risk Model,define Each of Its Components

question 38

Essay

Audit risk model
Write out the audit risk model,define each of its components and indicate their expected relationship.Also discuss the purpose and limitations of the model.

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Definitions:

Relearning

The process of regaining knowledge or skills that were previously learned then forgotten, which typically occurs faster than the initial learning.

Recognition

A memory task in which a person must simply identify material as familiar or as having been encountered before.

Nondeclarative Memory

A type of long-term memory that involves skills and actions, which can be performed without conscious thought or declaration.

Semantic Memory

A type of long-term memory involving the capacity to remember words, concepts, and facts not tied to personal experiences.