Which one following statements is correct? a. Audit risk is the risk of a material misstatement in the financial statements b. The risk of a material misstatement in the financial statements consists of control risk c. Audit risk is the risk that the auditor will not detect a material misstatement that exists in the financial statements. d. Audit risk is the risk of a material misstatement in the financial statements and that the auditor did not detect the material misstatement.