Auditors Want a Low Audit Risk of 5% and a Low

question 18

Multiple Choice

Auditors want a low audit risk of 5% and a low detection risk of 5%.In order to achieve this, what will inherent risk and control risk have to be?

• A)100% for both
• B)1% for inherent risk and 100% for control risk
• C)1% for both
• D)The risks cannot be determined because there is not enough information.