Final answer:
Control risk is the type of risk that management can control most in the short term through immediate adjustments and enforcement of internal controls.
Step-by-step explanation:
The type of risk that management of a company has the most control over in the short term is control risk. Control risk is the risk that a company's internal controls might not prevent or detect an error or omission. Management can adjust and enforce internal controls, which include policies, procedures, and checks, to manage this risk more immediately than other types of risks. For example, management can implement new authorization processes for expenditures or update verification procedures for financial reporting. In contrast, inherent risk and detection risk are less controllable in the short term. Inherent risk is linked to the nature of the business or industry and is less susceptible to rapid changes, whereas detection risk relates to the auditors' ability to catch misstatements and is influenced by the audit process.