Question: When discussing inherent risk and the audit risk model, which of the following statements is not true? Inherent risk is one of the two components

When discussing inherent risk and the audit risk model, which of the following statements is not true?

Inherent risk is one of the two components of the risk of material misstatement

Inherent risk is inversely related to detection risk

Inherent risk is the susceptibility of the financial statements to material error, assuming no internal control

Inherent risk is inversely related to the amount of substantive tests

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