The likelihood that material misstatements may have entered the accounting system and not been detected and corrected by the client’s internal control is referred to as

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The likelihood that material misstatements may have entered the accounting system and not been detected and corrected by the client’s internal control is referred to as

a. risk of material misstatement
b. inherent risk
c. control risk
d. detection risk

Answer: a. risk of material misstatement

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