Question: The risk that an auditor will conclude, based on substantive procedures, that a material error does not exist in an account balance when, in fact,

The risk that an auditor will conclude, based on substantive procedures, that a material error does not exist in an account balance when, in fact, such an error does exist is referred to as:

Correct Answer

a.detection risk

b. control risr

c. audit risk

d.materiality risk

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