Match each scenario with the appropriate type of risk it represents

Group of answer choices

The auditor arrives at an incorrect conclusion based on evidence provided by client

Detection Risk

Payments have been made without proper approval.

Control Risk

Auditors have skipped a key substantive audit procedure.

Detection Risk

The same person who writes checks also signs them.

Control Risk

Technological developments make a major product obsolete

Inherent Risk

The client has missed a significant debt payment.

Inherent Risk

The client does not have enough money to continue paying employees