Detection risk is affected by which aspects of substantive audit procedures?
A)Nature.
B)Timing.
C)Extent.
D)All of the above.

Question

Quizplus · Accepted Answer

Detection risk is affected by the nature, timing, and extent of substantive audit procedures. The nature refers to the type or method of procedure used, timing refers to when the procedure is performed, and extent refers to the amount of evidence obtained. All three aspects impact the level of detection risk, which is the risk that the auditor fails to detect material misstatements in the financial statements. Therefore, the correct answer is D, all of the above.

Detection Risk Is Affected by Which Aspects of Substantive Audit