1. Neither management nor the auditor is responsible for limiting inherent risk associated with financial statement assertions. C True False QUESTION 18 The relationship between control risk and detection risk should be direct. True False QUESTION 19 The "Accuracy/Valuation and Allocation assertion would be relevant if an auditor was verifying that historical cost was used in connection with property, plant, and equipment in the balance sheet. True False QUESTION 20 When performing analytical procedures, income statement accounts are more predictable than balance sheet accounts. True C False QUESTION 21 An auditor is required to perform substantive analytical procedures in every audit. True False