Detection Risk,

Detection Risk: What is the Meaning of Detection Risk?

There is a risk that the auditor will not detect any material imbalance.

Literal Meanings of Detection Risk

Detection:

Meanings of Detection:

1. The act or process of identifying the presence of something hidden.

Sentences of Detection

1. Early detection of fetal abnormalities

Synonyms of Detection

discernment, distinguishing, spotting, diagnosis, recognition, identification, perception, awareness, noticing, noting, observation

Risk:

Meanings of Risk:

1. Loss, loss or damage to anyone or anything of value exposed.

2. Conditions involved in exposure to hazards

Sentences of Risk

1. Disobeying the law is very dangerous

Synonyms of Risk

fear, put in danger, jeopardize, danger, possibility, wager, take a chance with, gamble with, prospect, venture, chance, expose to danger, imperil, menace, bet, gamble, put at risk, hazard, peril, likelihood, put in jeopardy, put on the line, endanger, threat, probability

Detection Risk,

What Does Detection Risk Mean?

• A simple definition of Detection Risk is: There is a risk that the auditor will not detect any material irregularities.

Literal Meanings of Detection Risk

Detection:

Meanings of Detection:

1. The act or process of identifying the presence of a hidden object.

Synonyms of Detection

tasting, sight, smelling, sensing

Risk:

Meanings of Risk:

1. Risk management situation

2. Expose someone or something valuable for loss, damage or loss.

Synonyms of Risk

gamble (with)

Detection Risk

There is a risk that the AUDITOR will not recognize a material misstatement.