If inherent risk and control risk are both assessed as low, detection risk will be:
A)the same as audit risk.
B)medium.
C)high.
D)low.

Name: If inherent risk and control risk are both assessed as low, detection risk will be: A)the same as audit risk. B)medium. C)high. D)low.
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Question

Quizplus · Accepted Answer

Detection risk is inversely related to inherent and control risks. If both are low, detection risk can be higher to maintain an acceptable audit risk level.

If Inherent Risk and Control Risk Are Both Assessed as Low