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Detection risk is the risk that that a material error exists in an account balance...

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Accounting

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Detection risk is the risk that that a material error exists in an account balance assuming no related internal control. the risk of failing to appropriately modify the audit report on materially misstated financial statements. the risk that the auditor's procedures for verifying account balances will not detect a material error when in fact such an error exists. the risk that a material error in an account balance will not be prevented or detected on a timely basis by the client's internal control structure

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