Question: The risk that an auditor will conclude, based on substantive tests, that a material misstatement does not exist in an account balance when, in fact,

The risk that an auditor will conclude, based on substantive tests, that a material misstatement does not exist in an account balance when, in fact, such misstatement does exist is referred to as

a. Sampling risk.

b. Detection risk.

c. Nonsampling risk.

d. Inherent risk.

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