Inherent risk is the risk posed by an error or omission in a financial statement due to a factor other than a failure of internal control. Which of the following will you consider as an increase of auditors inherent risk?

Select one:

a. The management is well respected in the industry.

b. The industry is mature and stable.

c. The entitys primary product is innovative computer software.

d. Purchase invoices were not recorded while the purchasing officer was on annual leave.