As the acceptable level of detection risk increases for a given audit risk, an auditor may change the

1 answer:

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<span>As the acceptable level of detection risk increases for a given audit risk, an auditor may change the timing of substantive procedures from year end to an interim date. Detection risk is the risk that audit procedures will not know a material wrong statement. It is related to the timing, extent and nature of procedures done to diminish audit risk to an acceptable level.
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