Inherent risk and control risk differ from detection risk in that inherent risk and control risk are
A) Elements of audit risk whereas detection risk is not.
B) Changed at the auditor's discretion whereas detection risk is not.
C) Considered at the individual account balance level whereas detection risk is not.
D) Functions of the client and its environment whereas detection risk is not.

Question

Quizplus · Accepted Answer

Inherent risk and control risk are related to the client's environment and internal controls, while detection risk is related to the auditor's procedures.

Inherent Risk and Control Risk Differ from Detection Risk in That