7.  In case AR=60%,Auditee risk=40%,the Detection risk is 24%.

Select one:

True

False

8. Assurance services that improve the quality of information within the bounds of Generally Accepted Auditing Standards(GAAS).

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True

False

9. Components of Audit Risk does not include sampling risk.

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True

False

10. Detection risk is closely related to the auditee, while the inherent risk is closely related to the auditor

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True

False

11. Auditing standards provide qn audit risk model as a way of ensuring that the risk of ensuring materiality misstated financial statements is kept to an acceptable low level

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True

False

12. If the auditor believes that the concern will not continue as going concern, he should issue disclaimer of opinion.

Select one:

True

False