Manny Regimbald is concerned about the audit of a high risk client, the Lewiston Stampeders. He believthat there is a high likelihood that because his audit team is inexperienced that the testing procedurwill not detect a material misstatement. This is a(n)
A) audit risk.
B) control risk.
C) detection risk.
D) none of the above.

Question

Quizplus · Accepted Answer

Manny's concern about the testing procedures not detecting a material misstatement relates to detection risk, which is the risk that the audit procedures will not detect material misstatements. Therefore, the correct option is C) detection risk.

Manny Regimbald Is Concerned About the Audit of a High