For each of the following statements:

1. Identify whether the statement is TRUE or FALSE 2. Give reasons as to why the statement is true or false

a) If internal control systems in an audit segment are poor, this will mean that the Control Risk assessment is high.

b) An unqualified audit report can be either except for, adverse, or inability to form an opinion.

c) The information hypothesis argues that management will always act in their own interests when making decisions.

d) Materiality has an inverse relationship with Detection Risk