Which of the following statements is false?
A)Inherent risk is inversely related to the amount of audit evidence,whereas detection risk is directly related to the amount of audit evidence required.
B)Inherent risk is directly related to evidence,whereas detection risk is inversely related to the amount of audit evidence required.
C)Inherent risk is the susceptibility of the financial statements to material misstatement,assuming no internal controls.
D)Inherent risk and control risk are assessed by the auditor and controlled by the client.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is false?
A)Inherent risk is inversely related to the amount of audit evidence,whereas detection risk is directly related to the amount of audit evidence required.
B)Inherent risk is directly related to evidence,whereas detection risk is inversely related to the amount of audit evidence required.
C)Inherent risk is the susceptibility of the financial statements to material misstatement,assuming no internal controls.
D)Inherent risk and control risk are assessed by the auditor and controlled by the client.

Which of the Following Statements Is False