type of risk with the related definition model includes the risks listed below. Place the correct letter of the A- -Audit Risk B- -Inherent Risk C- -Control Risk D--Detection Risk The probability that material misstatements have occurred in transactions entering the accounting system. -1. -2The probability that audit procedures will fail to produce evidence of material misstatements. 3. The risk ofa material misstatement consist of control risk and risk. 4 The probability that an auditor will give an inappropriate opinion on the financial statements. 5. The probability that the client's internal control policies and procedures will fail to detect material misstatements if they have entered the accounting system. 6. If tests of effectiveness of internal control induce the auditor to change its assessment ofcontrol risk from 20% to 50% (low to moderate), and audit risk and inherent risk remain constant, the acceptable level of detection risk would A. Decrease. B. Increase. C. Increase or decrease depending on the fraud risk determination. D. Would be unchanged, because the auditor has control over detection risk