Question: Which of the following is a correct statement? A) Performance materiality is part of the audit risk model. B) There is no relationship between materiality

Which of the following is a correct statement?

A)

Performance materiality is part of the audit risk model.

B)

There is no relationship between materiality and risk in auditing.

C)

The combination of performance materiality and the audit risk model factors determines planned audit evidence.

D)

Risk is a measure of magnitude or size.

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