8:36 AM SA Which of the following is not true with respect to the performance principle? a. The concept of reasonable assurance permits audit teams to make mistakes and misinterpretations in evaluating evidence. b. The risk of material misstatement is affected by both the susceptibility of the account balance to misstatement as well as the effectiveness of the auditor's procedures in detecting misstatements. c. The concept of materiality recognizes that auditors should focus on matters that are important to financial statement users. d. The preparation of an audit plan is an important component of the planning and supervision in an audit. 8:37 AM 9:12 AM The auditor has assessed the risk of material misstatement to determine Tareg the acceptable level of detection risk for financial statement assertions for inventory account balances. As the acceptable level of detection risk decreases, which of the following adjustments to the accounts receivable audit program would the audit team normally make? a. Change the timing of the confirmation process to an interim date. b. Increase the sample size of the confirmations. c. Decrease the sample size of the confirmations. d. Change the nature of substantive tests to more efficient procedures, such as using negative rather than positive confirmations. 9:12 AM C