Which component of audit risk can the auditor control?

Understand the Problem

The question is asking which specific component of audit risk is under the control of the auditor. It presents four options, likely aimed at understanding the various types of risks in auditing.

More Information

Detection risk is the component of audit risk that the auditor can influence through the nature, timing, and extent of audit procedures. It reflects the risk that the auditor’s procedures will fail to detect a material misstatement.

Tips

A common mistake is confusing control risk or inherent risk with detection risk. Only detection risk can be adjusted by the auditor through audit procedures.

Sources

• Quizlet - Auditing Chapter 4 Discussion - quizlet.com
• Solved Which component of audit risk can the auditor | Chegg.com - chegg.com
• Which of the following risks can the auditor control? | Study.com - homework.study.com