Inherent risk refers to: A. The possibility that a material misstatement that has occurred will...
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Accounting
Inherent risk refers to: A. The possibility that a material misstatement that has occurred will not be detected on a timely basis by the company's control system B. The possibility that a material misstatement will occur within the reporting company's accounting information system C. The possibility that a material misstatement will occur in the financial statements D. The possibility that a material misstatement that has occurred will not be caught be the independent auditor's testing
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