explain why it is the answer it is please

explain why the wrong ones are incorect

D Question 1 20 pts An auditor discovers that the company engages in related party transactions. There are several which a complicated and confusing, which of these statements is true concerning this situation: A. Related party transactions are not normal in an ordinary business, B. Arm's length related party transactions that are equal to other transactions may alleviate the auditors concerns for further disclosure. C. A translation to a related party may be less than arm's length, but disclosing it makes it appropriate D. If the transaction would have occurred regardless of the parties relationship to one another, the auditor will find this adequately reported. Question 2 20 pts Detection risk, inherent risk and control risk are all part of the audit formula. In what way are they different? A. Inherent risk and control risk are calculated by the client before the audit. B. Inherent risk and control risk are a result of the auditor's judgement. a C. Regardless of the procedures the auditor creates, inherent risk and control risk are independent of the audit. D. Detection risk is inflexible due to the inherent risk in an audit