Question
1)An inaccurate form of the audit risk model would show that A) audit risk is directly related to all other risks in the model. B)
1)An inaccurate form of the audit risk model would show that
A) audit risk is directly related to all other risks in the model.
B) increases in control risk will cause decreases in detection risk.
C) detection risk may be determined from audit risk, inherent risk, and control risk.
D) detection risk is inversely related to inherent risk.
E) detection risk is inversely related to audit risk.
2)Specific audit objectives are normally
A)developed for each item in the financial statements and derived from the categories of managements financial statement assertions.
B)derived from the categories of managements financial statement assertions.
C)developed for each item in the financial statements.
D) the same as the categories of managements financial statement assertions.
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