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I. regarding audit risk model components in terms of whether they are assessed ( i.e they are what they are) or determined (i.e the auditor
I. regarding audit risk model components in terms of whether they are assessed ( i.e they are what they are) or determined (i.e the auditor can affect what the amount will be) : audit Risk is determined; inherent risk is assessed. II. The "risk of material misstatement" involves control risk and inherent risk component s of the audit risk model
a 1 is true ; II is true
b I is true ; II is false
c I is false ; II is true
d I is false; II is false
Auditing
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