Auditors would perform the following steps in which order?A)Set audit risk; asse

Auditors would perform the following steps in which order?A)Set audit risk; assess risk of material misstatement; calculatedetection risk.B)Set audit risk; determine detection risk assess risk of materialmisstatement.C)Assess risk of material misstatement; determine detection risk;calculate audit risk.D)Assess risk of material misstatement; assess audit riskdetermine detection risk.Feedback: Auditors must set audit risk and assess the risk ofmaterial misstatement before solving for detection risk