7. In case AR=60%,Auditee risk=40%,the Detection risk is 24%. Select one: True False 8. Assurance services that
Question:
7. In case AR=60%,Auditee risk=40%,the Detection risk is 24%.
Select one:
True
False
8. Assurance services that improve the quality of information within the bounds of Generally Accepted Auditing Standards(GAAS).
Select one:
True
False
9. Components of Audit Risk does not include sampling risk.
Select one:
True
False
10. Detection risk is closely related to the auditee, while the inherent risk is closely related to the auditor
Select one:
True
False
11. Auditing standards provide qn audit risk model as a way of ensuring that the risk of ensuring materiality misstated financial statements is kept to an acceptable low level
Select one:
True
False
12. If the auditor believes that the concern will not continue as going concern, he should issue disclaimer of opinion.
Select one:
True
False