The chance that the audit team's substantive procedures will fail to uncover a material misstatement is called <u>detection</u> risk.
Detection risk tends to occur when an auditor fails in order to identify a material misstatement in a company's financial statements. Such misstatements might be due to either error or fraud. The work of auditors is to make use of the audit procedures in order to detect such material misstatements.
There can always be a certain amount of detection risk that will exist. So here the auditor's goal is to lower the detection risk so that the for overall audit risk remains in an acceptable level.
Hence, suppose if an auditor fails to implement the correct audit procedures, detection risk can reach unacceptable levels.
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Mogadishu<span>, </span><span>Kilwa, and Sofala were three East African coastal cities that became centers of trade.</span>
Answer:
1
Explanation:
Loss aversion is preferring gains and hating or greatly disliking losing an opportunity.
Answer:This is an example of PRIMARY prevention of child maltreatment."
Explanation:
Primary prevention:
Primary prevention are those steps taken on order to make sure that maltreatment is prevented before it happens. This is accessible to everyone who is part of the community.
These steps are meant to awaken public , service providers, and decision makers about the issue of child maltreatment. Universally the things that are done to rectify this issue under primary prevention are the following :
-Positive parenting is encourage through public services
- Programs are created for parents such as support groups which deals with child development and roles and responsibilities of parenting.
- Programs also that helps with family support and strengthening which also provide resources that strengthen positive interventions from family members.
Gail is intervening as a family member to extend the support which will prevent maltreatment before it starts to her struggling son's family and that is a positive intervention from a family member.
