1) What is best answer for describing the auditor's responsibility as it pertains to Audit Risk:

a) the auditor can't control this risk, only the client can

b) Establishing it at an acceptable level at the beginning of an audit engagement will allow the auditor to provide reasonable assurance that the opinion she expresses in the audit report is accurate and correct

c) none of these answers are correct

d) control it directly through N.E.T of procedures on an engagement

2) what is the best answer for describing Detection risk

a) It equals Inherent Risk x control risk

b) an auditor can't control detection risk. Only the client can.

c( the auditor controls detection risk through N.E.T. of procedures of the engagement.

d) an auditor must assess this risk, but he can't control it

e) it is the same as risk of material misstatement