The risk that the auditor will not detect a material misstatement that exists in an assertion is:
A) control risk.
B) audit risk.
C) inherent risk.
D) rejection risk.
E) detection risk.

Question

Quizplus · Accepted Answer

Detection risk is the risk that the auditor will not detect a material misstatement that exists in an assertion. It is directly related to the effectiveness of the auditing procedures and how well the audit is conducted.

The Risk That the Auditor Will Not Detect a Material