1. The audit risk is 3% while the inherent risk is 80% and control risk is 40%. What is the detection risk? a. 11.84% b. cannot be determined due to insufficient information  c. 10.67% d. 9.38% 2. The risk is related to the effectiveness of the client's internal control. a. control risk b. audit risk c. inherent risk c. detection risk   3. Which is not a factor that affects inherent risk at the account balance level? a. susceptibility of the account to the theft b. operating characteristics c. complexity of calculations related to account

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