11. The audit risk model is primarily used for: A) audit completion. B) concluding the type of audit opinion to be issued. C) evaluating the misstatements identified from the audit tests performed. D) planning the nature, timing and extent of audit procedures. 12. Which of the following statement is correct? A) Usually, total asset is the most important base used as a criterion for deciding materiality. B) Since materiality is relative, it is necessary to select a benchmark for establishing whether misstatements are material. C) Given the same dollar amount, irregularities are usually considered less important than errors. D) Materiality is an absolute rather than a relative concept. 13. The entity's accounting records have been destroyed. What form of qualification of the audit report would normally be appropriate in this situation? A) Qualified opinion-disagreement B) Qualified opinion - limitation of scope C) Qualified opinion-adverse opinion D) Disclaimer of opinion 14. Which of the following statement is correct? A) If the planned detection risk is reduced, the amount of evidence to be accumulated will decrease. B) If the inherent risk is increased, the amount of evidence to be collected should remain the same. C) If the planned detection risk is reduced, the amount of evidence to be accumulated will increase. D) If the inherent risk is increased, the amount of evidence to be collected will decrease