Which of the following is the most appropriate statement regarding the relationship between inherent risk and the timing of substantive procedures?The relationship between inherent risk and the timing of substantive procedures is best defined as an inverse one. This is because as inherent risk increases, the timing of substantive procedures is less important and vice$-$versa.The best way to think about the relationship between inherent risk and the timing of substantive procedures is to understand that accounts and assertions that are considered more risky by the auditor are typically audited during interim periods.None of these answer choices are correct.The easiest way to explain this relationship is that for accounts and assertions that carry increased inherent risk, the auditor will typically audit these closer to the end of the audit.