The audit risk model includes the four risks listed below. Match the type of risk with the related definition 21 1. Detection risk 2. Control risk 3. Inherent risk 4. Audit risk 01.29-52 The probability that material misstatements have occurred in transactions entering the accounting system. The probability that an auditor will give an inappropriate opinion on financial statements The probability that the client's Internal control policies and procedures will fail to detect material misstatements if they have entered the accounting system The probability that audit procedures will fall to produce evidence of material misstatements. 1 UN 4