1- Large firms with large personnel are likely to have low levels of control risk. True or false? 2- The starting point for auditors does not include performing the risk assessment needed to establish a materiality level for all accounts and disclosures. True or false? 3- Effective internal controls does not require that at least 1 COSO component is effectively designed, implemented, and operating effectively. True or false? 4- The process where management does not express themselves regarding financial statement issuance but auditors identifying any material misstatement is called? 5- ----------- are procedures designed to detect material misstatements in accounts.