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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