Review: âI went to this lawyer for my custody suit and she was compassionate and willing to help me on very short notice. She put my mind at ease when the emotions were at peak and assured me that she would do her very best. I w... Practice areas & skills: Wills & Living Wills, Divorce & Separation, General Practice.
What is meant by âlowering detection riskâ in auditing? A practitioner (or simply auditor) performing audit engagement is required to reduce audit risk to such level that is suitable to provide reasonable assurance to the intended users.
Control Risk (AR = [RMM (IR CR)] [DR]) Inherent risk and control risk differ from detection risk in that they exist independently of the audit of financial statements, whereas detection risk is related to the auditor's procedures and can be changed at the auditor's sole discretion.