Inherent risk$\_\_\_\_\_\_\_\_\_\_\_.$ Select one:

Question $29$ Answer

a$.$

Involves auditors attaining sufficient background information on the client to assess the risk of material misstatement of the financial statements.

b$.$

Relates to the business the organization is involved in and the environment

in which it operates.

c$.$

All of the others.

d$.$

Incorporates the possibility of material misstatement.