Ask Question
21 August, 01:00

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

+2
Answers (1)
  1. 21 August, 01:19
    0
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “How do inherent risk and control risk differ from detection risk? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers