When Assessing Risk, It Is Important to Remember That

Multiple Choice

When assessing risk, it is important to remember that

A) for acceptable audit risk, the SEC decides the risk the CPA firm should take for public clients.
B) inherent risk can be changed by the auditor.
C) detection risk can only be determined after audit risk, inherent risk, and control risk are determined.
D) control risk is determined by company management since they are responsible for internal control.