Question: Inherent risk refers to Multiple Choice The possibility that a material misstatement will occur within the reporting company's nccounting Information system The possibility that a

Inherent risk refers to Multiple Choice The possibility that a material misstatement will occur within the reporting company's nccounting Information system The possibility that a material misstatement that has occurred will not be detected on a timely basis by the company's control system The possibility that a material misstatement that has occurred will not be caught be the independent auditor's testing The possibility that a material misstatement will occur in the financial statements

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