Your client is a large producer of wheat. As a result, the client is exposed to large fluctuations in wheat prices. You realize that the client has fully hedged their exposure to wheat prices. Which of the following statements is true? Since all the fluctuation in wheat prices is hedged, the auditor can omit wheat price fluctuation from the assessment of inherent risk The auditor should suggest that the client diversify their business to reduce dependence on just one product You will still consider fluctuating wheat prices as an inherent risk The auditor should consider wheat price fluctuation as an inherent risk, only if the audit firm has the expertise to assess hedging Question 24 (0.5 points) Which of the following Sampling errors can lead to an ineffective audit? Type I error Type II error Neither of the two errors can lead to an ineffective audit Both of these can lead to an ineffective audit