AUD Prep: DR (Detection Risk) can be broken into two components involving the likelihood that the auditor's two basic categories of substantive procedures fail to detect a material misstatement that exists, what are those two categories?

Question

DR (Detection Risk) can be broken into two components involving the likelihood that the auditor's two basic categories of substantive procedures fail to detect a material misstatement that exists, what are those two categories?

Monique Tyler · Accepted Answer

1. Test of Details
2. Substantive Analytical Procedures

AUD Prep

DR (Detection Risk) can be broken into two components involving the likelihood that the auditor's two basic categories of substantive procedures fail to detect a material misstatement that exists, what are those two categories?

1. Test of Details 2. Substantive Analytical Procedures

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