Which of the following defines control risk for Mohin Co?

Mike Robin, ACA is identifying risk in the statement of Mohin Co as a part of his audit work.

Which of the following defines control risk for Mohin Co?
A . The risk that the financial statements of Mohin Co are materially misstated prior to audit.
B . The susceptibility of an assertion about a class of transaction, account balance or disclosure to a misstatement that could be material, either individually or when aggregated with other misstatements, before consideration of any related controls of Mohin Co.
C . The risk that a misstatement that could occur in an assertion about a class of transaction, account balance or disclosure and that could be material, either individually or when aggregated with other misstatements, will not be prevented, or detected and corrected, on a timely basis by Mohin Co’s internal control.
D . The risk that the procedures performed by Mike to reduce audit risk to an acceptably low level will not detect a misstatement that exists and that could be material, either individually or when aggregated with other misstatements.

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Answer: C