When would auditors want to decrease the risk that their audit procedures will not detect a material misstatement?
A)When detection risk is high
B)When detection risk is low
C)When inherent risk is low
D)When control risk is low

Question

Quizplus · Accepted Answer

When detection risk is low, auditors want to decrease the risk that their audit procedures will not detect a material misstatement. This is because detection risk is the only audit risk that auditors can control, as inherent risk and control risk are inherent to the client's operations and controls. By decreasing detection risk through more extensive audit procedures, auditors can increase the overall audit assurance provided to stakeholders.

When Would Auditors Want to Decrease the Risk That Their