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Can you help with the question below? State whether each of the following statements is correct or incorrect concerning audit risk and its componentsinherent risk,

Can you help with the question below?

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State whether each of the following statements is correct or incorrect concerning audit risk and its componentsinherent risk, control risk, and detection risk. Audit risk refers to the possibility that the auditors may unknowingly fail to appropriately modify their opinion on nancial statements that are materially or immaterially misstated. Absent any other changes, an increase in the risk of material misstatement results in an increase in audit risk. Inherent risk is the possibility of maten'al misstatement before oonsiden'ng the clients\": Els internal control. Rather than restrict detection risk through the perfon'nanoe of more substantive procedures. auditors assess it

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