Question: Use. You. Own. Words. 1. List, and briefly describe, the three main factors that increase the probability of fraud. 2. Define (or describe the characteristics or purpose) of the three following types of engagements: Attestation, Audit and Assurance. Identify their differences and similarities. 3. Name three specific procedures an auditor must do during either the client acceptance phase or the planning phase on an audit engagement. 4. professional skepticism and professional judgement are necessary responsiblites of auditors throughout le entire audit process. Describe/define both, identify how they are different from each other and how ditors exhibit or demostrate each. 5. What is a material weakness? What is a significant control deficiency? What is the difference between a significant control deficiency and a material weakness, which one increases RM most? 6. Describe what a control environment is and at least four of the five principles of a good control environment? 7. Adit Risk Formula Question part 2: Write the formula for the Audit Risk Model, using the full names for each risk (not just abbre Name the party that has the primary control over each type of risk.