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Part 1: Auditors will use the concept of overall materiality in all the following ways except: A) As a guide to planning the audit plan.

Part 1: 

Auditors will use the concept of overall materiality in all the following ways except:

A) As a guide to planning the audit plan. 

B) As a guide for assessing control risk. 

C) As a guide for making decisions about the audit report. 

D) As a guide to the evaluation of evidence. 


Part 2: 

Suppose that control risk increases, and all other risks in the audit risk model stay constant except the one referred to below. Which of the following statements would be correct? 

A) Detection risk will increase. 

B) Audit risk will decrease. 

C) Detection risk will decrease. 

D) Inherent risk will increase.

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