Question: 1 . Detection Risk is defined as: a . The possibility that the auditors may unknowingly fail to appropriate modify their opinion on financial statements

1. Detection Risk is defined as:
a. The possibility that the auditors may unknowingly fail to appropriate modify their opinion on financial statements that are materially misstated.
b. Risk of a material misstatement occurring in an assertion assuming no related internal controls.
c. Risk that a material misstatement in an assertion will not be prevented or detected on a timely basis by the companys internal controls.
d. Risk that the auditors procedures will lead them to conclude that a material misstatement does not exist in an assertion when in fact such misstatement does exist.

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