The likelihood that material misstatements may have entered the accounting system and not been detected and corrected by the clients internal control is referred to as

a. Inherent risk

b. Control risk

c. Detection risk

d. Audit risk

During the planning phase of an audit the audit team decided to increase the assessed level of control risk for fixed assets. As a result of this change the extent of tests of controls on this audit would

1. Decrease
2. Increase
3. Not change
4. Cant be determine
   1. If the auditor decides to reduce acceptable audit risk, planned detection risk

a. increases.

b. decreases.

c. stay the same.

d. cannot be determined.