The risk that an auditor's procedures will lead to the conclusion that a material misstatement does not exist in an account balance when, in fact, such misstatement actually does exist is
A)Audit risk
B)Inherent risk.
C)Control risk.
D)Detection risk.

Question

Quizplus · Accepted Answer

Detection risk is the risk that the auditor's procedures will not detect a material misstatement that exists in an account balance or class of transactions.

The Risk That an Auditor's Procedures Will Lead to the Conclusion