Question: Which statement best describes the relationship between inherent risk (I/R) and control risk (CR) assessments? I/R and C/R assessments are negatively related - when IR

Which statement best describes the relationship between inherent risk (I/R) and control risk (CR) assessments? I/R and C/R assessments are negatively related - when IR is high, C/R will be low. The and CR astetements ree independent - ench is assessed separately. I/R and C/R are monoged by the auditor, not assessed. Ire end Cra estesements are positively related - when I/R is high, C/R will also be high.

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