detection risk definition
detection risk means the risk that the verifier does not detect a material misstatement;
detection risk means the risk of a verifier not detecting a material misstatement;
detection risk means the risk that the verifier will not detect a material misstatement or a material non-conformity;
More Definitions of detection risk
detection risk means the risk that the auditing organisation does not detect a misstatement that is relevant for the assessment of the audited provider’s compliance with an audited obligation or commitment;
detection risk. (DR) means the risk that the verifier does not detect a mate- rial misstatement.
detection risk means the risk that the verifier does not detect a materialmisstatement;
detection risk. (DR) means the risk that the verifier does not detect a materi- al misstatement.
detection risk means the threshold beyond which deviations or misstatements by the audited provider, individually or aggregated, would reasonably affect the audit findings, conclusions and statements, Art. 2 (12) Delegated Regulation on Independent Audits.