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The audit risk model includes the four risks listed below. Match the type of risk...

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Accounting

The audit risk model includes the four risks listed below. Match the type of risk with the related definition.
Detection risk
Control risk
Inherent risk
Audit risk
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 acoounting system.
The probability that audit procedures will lail to produce evidence of material misstatements.
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