T/F: 1. If control risk and inherent risk are assessed as sufficiently low, substantive procedures can be abandoned completely. [111] 2. The audit team is required to discuss the susceptibility of the financial statements to material misstatements. [152] 3. Auditors have a duty to detect fraud. [ 13] 4. The risk assessment will form the basis of the audit strategy and the detailed audit plan. (ti 54] 5. Detection risk will increase due to the increased risk of cash collected being misappropriated and revenue being overstated. [55]