State whether each of the following statements is correct or incorrect concerning audit risk and its components. Give a brief explanation as to why.

A. The risk of material misstatement is composed of the three components of audit risk.

B Inherit Risk is the possibility of material misstatement before considering the clients' internal control.

C Less control risk means an increase in the risk material misstatement.

D Detection risk does not exist when no audit is performed.

E Rather then restrict detection risk through the performance of more substantive procedures, auditors assess it.