Which of the following is true regarding audit risk for segments?
◦ Control risk must be assessed at the same level for all accounts.
◦ Factors affecting inherent risk do not differ from account to account.
◦ Acceptable audit risk is ordinarily assessed by the auditor during the substantive test of balances phase and is held constant for each major cycle and account.
◦ In some cases, a lower acceptable audit risk may be more appropriate for one account than for others.