Question: h . The risk that the auditors will conclude, based on substantive procedures, that a material misstatement does not exist in an account balance when,

h. The risk that the auditors will conclude, based on substantive procedures, that a material
misstatement does not exist in an account balance when, in fact, such misstatement does
exist is referred to as
(1) Business risk.
(2) Engagement risk.
(3) Control risk.
(4) Detection risk.

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