Question: Answer the following questions. How does the auditor bring audit risk to an acceptably low level? Adjust detection risk. Set control risk at a low

 Answer the following questions. How does the auditor bring audit risk

Answer the following questions. How does the auditor bring audit risk to an acceptably low level? Adjust detection risk. Set control risk at a low level. Adjust control risk. Set inherent risk at a low level. Adjust inherent, control and detection risk to an acceptable level. Adjust inherent risk. What responsibilities do the auditors have with respect to inherent, control, detection and audit risks? (Several choices may be correct.) Reduce control risk by ensuring management strengthen their controls. Assess inherent risk. Set audit risk. Assess control risk

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