Question: Inherent risk and control risk differ from detection risk in that they a. Arise from the misapplication of auditing procedures. b. May be assessed in

Inherent risk and control risk differ from detection risk in that they

a. Arise from the misapplication of auditing procedures.

b. May be assessed in either quantitative or nonquantitative terms.

c. Exist independently of the financial statement audit.

d. Can be changed at the auditor’s discretion.

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