thinQmaster Virtual testing partner Adaptive practice exams that find your weak spots and drill them. Every answer explained. From $69
Enroll

thinQmaster

Find your exam

Five questions free, before you decide.

Step 1 · choose a vendor

In one of our camps? Your practice exams come with the tuition — they are on your study page already.

Governance, Risk, Audit & Privacy · Intermediate

Detection Risk

Risk that the auditor's procedures fail to detect a material error or misstatement.

Definition

Detection risk is managed by the auditor through sample sizes, procedure selection, and timing. When inherent and control risks are high, acceptable detection risk must be low, requiring more extensive testing.

Example

Increasing a sample from 25 to 60 items reduces detection risk.

Exam tip

Low acceptable detection risk means more and better testing.

Related terms