A high detection risk equates to a low amount of audit evidence needed.

Name: A high detection risk equates to a low amount of audit evidence needed.
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Question

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A high detection risk means there is a high likelihood that material misstatements will not be detected by the auditor's procedures. This means that more audit evidence is needed to reduce the detection risk and increase the reliability of the audit opinion.

A High Detection Risk Equates to a Low Amount of Audit