Materiality is always set at low for a risky client- True or False True False Poor segregation of duties can most likely lead to - Multiple Choice Understatement of assets Overstatement of assets Overstatement of expenses Will not have any impact on the financial statements If my risk of material misstatement is high, I need to set my at low- Multiple Choice Audit Risk Inherent Risk Control Risk Detection Risk Confirming a bank account establishes existence and rights to the cash balance - True or False True False