Question: Statement 1: Judgment, estimates, complexity, and relevance are the factors that may affect inherent risk assessment. Statement 2: Assessment of control risk is based on

Statement 1: Judgment, estimates, complexity, and relevance are the factors that may affect inherent risk assessment. Statement 2: Assessment of control risk is based on the information obtained during the walkthrough procedures in process understanding. a. Statement 1 is true, Statement 2 is false b. Statement 1 is false, Statement 2 is true c. Both statements are true d. Both statements are false

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