In the context of the fraud triangle, the allowance for doubtful accounts is: A rationalization An incentive An opportunity None of the options are correct. Which of the below statements is incorrect regarding an audit engagement? Control risk is assessed before planning substantive procedures because the level of control risk influences the timing of the tests. Inherent risk is assessed early in the engagement because it impacts the auditor's planned response to fraud risks. Inherent risk is assessed before control risk because the level of inherent risk influences the level of control risk. Control risk is assessed before planning substantive procedures because the level of control risk influences the amount of evidence to be obtained from the tests