The acceptable level of detection risk is inversely related to the ________.
A)Level of assurance to be obtained through substantive tests
B)risk of misapplying auditing procedures
C)preliminary judgment about materiality levels
D)risk the auditor's procedures will fail to discover material misstatements

Question

Quizplus · Accepted Answer

The acceptable level of detection risk is inversely related to the level of assurance to be obtained through substantive tests. This means that the higher the level of assurance required, the lower the acceptable detection risk, and vice versa. The other options are not directly related to the acceptable level of detection risk.

The Acceptable Level of Detection Risk Is Inversely Related to the ________