The only component of audit risk that the auditor can directly influence is 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. Unlike inherent risk and control risk, which are primarily influenced by the client and its environment, detection risk can be managed by the auditor through the nature, timing, and extent of auditing procedures.

The Only Component of Audit Risk That the Auditor Can