An auditor assessed the risk of material misstatement to be 50% and the risk that audit procedures will fail to detection a material misstatement to be 8%. The inherent risk for this business process is equal to 20%. What would the risk of reaching invalid conclusions due to faulty audit work be for this engagement, aka audit risk?

(A) 2%

(B) 4%

(C) 8%

(D) 16%