Which of the Following Statements Is Not True

question 93

Multiple Choice

Which of the following statements is not true?

• 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 error, assuming no internal controls.
• D) Inherent risk and control risk are assessed by the auditor and function independently of the financial statement audit.

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Definitions:

Chemotaxis

The movement of an organism or cell toward or away from a chemical stimulus.

White Blood Cell

A type of immune cell that is vital in the body's defense against infection.

Injury Site

The location on the body where an injury has occurred.

Platelets

Small, disc-shaped cell fragments in the blood that are essential for blood clotting and repair of damaged blood vessels.