Register

How do inherent risk and control risk differ from detection risk?

How do inherent risk and control risk differ from detection risk?
asked 96.8k views
0 votes
How do inherent risk and control risk differ from detection risk?

asked
User Ijse
by
8.1k points

1 Answer

2 votes
They exist independently of the audit of financial statements, whereas detection risk relates to the auditor's procedures and can be changed at his or her discretion. Detection risk should bear an inverse relationship to inherent and control risk.
answered
User Robert Metzger
by
8.5k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
What is the best way to describe a stock market?
Link Copied!