List and discuss what you need to consider before accepting
the Kleptos Audit engagement.
b) Show the audit risk model and use it to estimate and evaluate
the audit risk of the Kleptos Audit engagement.
c) If your firm’s Audit Risk tolerance is 0.15, would you accept
the audit? Explain.
d) Discuss what changes Kelptos should implement to make
their Charity more auditable.
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