In the audit risk model, control risk (CR) refers to

a. The risk the auditor is willing to accept of giving a clean audit opinion on financial statements that are materially misstated.

b. A misstatement that would probably affect users of the financial statements.

c. The probability that management’s internal controls do not catch a misstatement once it has occurred.

d. The probability that audit procedures won’t catch a misstatement that has occurred and was not caught by the auditee’s internal control.

e. The probability that a material misstatement occurred in an assertion of a class of transactions, account balance, or disclosure.