When Arthur Andersen audited Enron, they should have recognized an acceptable level of detection risk is inversely related to the... 1) Assurance provided by substantive testing 2) Risk of misapplication of audit procedures 3) Preliminary judgment about materiality levels 4) Risk of failing to discover material misstatements Question 15 (1 point) Segregation of duties at Wells Fargo is best obtained by: 1) Performing tests of transactions that corroborate management's financial statement assertions.