(2) may be assigned in either quantitative or nonquantitative terms

(3) exist independently of the financial statement audit

(4) can be changed at the auditors discretion

(4) Questioning 9-26 (OBJECTIVES 9-5,9-7) The complex calculations. (1) audit risk. (2) detection risk. (3) inherent risk. (4) sampling risk. (1) nature of audit procedures to more effective procedures. the following except change the (2) timing of audit procedures, by perhaps performing them at year-end rather than (3) extent of audit procedures, by perhaps using larger sample sizes. an interim date. (4) assurances provided by audit procedures to a lower level. c. Inherent risk and control risk differ from planned detection risk in that they (1) arise from the misapplication of auditing procedures