The primary factor affecting the auditor's acceptable risk of incorrect acceptance is assessed as inherent risk when quantifying audit risk

The appropriate response is false. Audit risk is the hazard that the money related explanations are tangibly mistaken, despite the fact that the review assessment expresses that the monetary reports are free of any material errors. The two parts of review hazard are the danger of material error and discovery chance. Since banks, speculators and different partners depend on the budgetary articulations, review hazard may convey legitimate obligation for a CPA firm performing review work.