Which statements concerning alpha and beta risk is true

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Problem 1: Which of the following statements concerning alpha and beta risk is true?

a. As inherent risk and/or control risk increase, beta risk should decrease.

b. As a "rule of thumb," the auditor generally sets beta risk equal to or less than 10%, in as much as it is the basis for the audit opinion.

c. As alpha risk increases, beta risk decreases.

d. As inherent risk and/or control risk increase, beta risk should also increase.

Reference no: EM132756848

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