The Existence of Audit Risk Is Recognized by the Statement

The existence of audit risk is recognized by the statement in the auditor's standard report that the:

A) auditor is responsible for expressing an opinion on the financial statements, which are the responsibility of management.
B) financial statements are presented fairly, in all material respects, in conformity with applicable financial reporting framework.
C) audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.
D) auditor obtains reasonable assurance about whether the financial statements are free of material misstatement.