Question: 1. The risk that an auditors procedures will lead to the conclusion that a material misstatement does not exist in an account balance when, in

1. The risk that an auditor’s procedures will lead to the conclusion that a material misstatement does not exist in an account balance when, in fact, such misstatement does exist is referred to as

a. Audit risk.

b. Inherent risk.

c. Control risk.

d. Detection risk.

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