Question: Please provide justification for the answer. Inherent risk and control risk differ from detection risk in that they: 1-Arise form the misapplication of audit procedures.

Please provide justification for the answer.
Inherent risk and control risk differ from detection risk in that they:
1-Arise form the misapplication of audit procedures.
2-May be assesed in either quantitative or non-quantitative terms.
3-Exist independently of the financial
statement audit.
4-Can be changed at the auditor's dicrerion.
Please provide justification for the answer.
Please provide justification for the answer.

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