Answer by True or False:-

1. In case AR=60%,Auditee risk=40%,the Detection risk is 24%.

True

False

2. Generally Accepted Auditing Standards remain basic measures of the quality of auditors performance, though they do not assure the compliance with Generally Accepted Accounting Principles.

True

False

3. Assurance services that improve the quality of information within the bounds of Generally Accepted Auditing Standards(GAAS).

True

False

4. Components of Audit Risk does not include sampling risk.

True

False