The provided document discusses the concept of risk assessment in auditing process. It explains that risk is an inherent part of any business activity, and audit risk is specifically related to financial statement misstatement. The document identifies three types of risks: control risk, detection risk, and inherent risk, which are all critical components of the auditing process. It also discusses methods for obtaining evidence, such as inspection, observations, inquiry, and confirmation, highlighting their importance in ensuring the accuracy of financial statements.