For each of the following true/false questions

Acceptable audit risk and the amount of substantive evidence required are inversely related, i.e., as acceptable audit risk increases, the amount of substantive evidence the auditor plans to accumulate should decrease. (T/F)

Control risk and the amount of substantive evidence required are directly related, i.e., as control risk increases, the amount of substantive evidence the auditor plans to accumulate should increase. (T/F)

An acceptable audit risk assessment of low indicates a risky client requiring more extensive evidence, assignment of more experienced personnel, and/or a more extensive review of working papers. (T/F)

The primary purpose of the audit risk model is to aid auditors in planning the extent of tests of controls and determining which particular controls should be tested. (T/F)

The primary purpose of allocating the preliminary judgment about materiality to financial statement accounts is to help the auditor decide the appropriate evidence to accumulate for each account. (T/F)