Which of the following is an incorrect statement? a. Detection risk is a function of the effectiveness

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Which of the following is an incorrect statement?

a. Detection risk is a function of the effectiveness of an auditing procedure and its application.

b. Detection risk arises partly from uncertainties that exist when the auditor does not examine 100 percent of the population.

c. Detection risk arises partly because of other uncertainties that exist even if the auditor were to examine 100 percent of the population.

d. Detection risk exists independently of the audit of the financial statements.

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Auditing An Assertions Approach

ISBN: 9780471134213

7th Edition

Authors: G. William Glezen, Donald H. Taylor

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Question Posted: May 07, 2024 02:01 AM

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Which of the following is an incorrect statement? a. Detection risk is a function of the effectiveness

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The incorrect statement is d Detection risk exists independently of the audit of the fin...View the full answer

Auditing An Assertions Approach

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