12. Which of the following statements are true in respect of detection risk? detection If inherent and control risk are assessed to be low then the auditor will need to lower the risk 1) If inherent and control risk are assessed to be low then the auditor will need to increase the size of samples when substantive testing A. 1 only B. 2 only C. Both of them D. Neither of them 2) Which of the following statements are true in respect of substantive procedures? 3) 4) 13. Auditors will note and aggregate errors discovered during the course of substantive testing. The level of substantive testing can be reduced if tests of controls show that controls are operating effectively A. 1 only B. 2 only C. Both of them D. Neither of them 14. You are a newly appointed audit firm and your client has asked you undertake some lucrative management consultancy work in addition to the annual audit. This situation is known as: A. A self-review threat B. An advocacy threat C. A self-interest threat D. An intimidation threat