A Significant Risk Is _______

Multiple Choice

A significant risk is _______.

A) a risk that the auditor should not attempt to address
B) an identified and assessed risk of immaterial misstatement that, in the auditor's judgment, requires special audit consideration
C) an identified and assessed risk of material misstatement that, in the auditor's judgment, requires special audit consideration
D) a risk for which the auditor should immediately notify the SEC