1) Which of the following controls is an auditor is responsible for being familiar with or assessing (check all that apply)

-Reconciliations

-Authorizations and approvals

-Detective controls

-Preventative controls

-Physical controls

2) Risk of material Misstatement is equal to

a) Control Risk X Detection Risk

b) audit risk x inherent risk

c) inherent risk x control risk

d)detection risk x inherent risk