Which of the following statements is correct?

Select answer from the options below

The group engagement partner will spend less time if the component auditor has not done audit work for the group engagement partner in the past.

The group engagement partner will spend more time if the financial statements being audited by the component auditor are at low risk of material misstatement.

The group engagement partner will spend less time if the component auditor has a good reputation.

The group engagement partner will spend more time if the component auditor has a good reputation.