Detection Risk

Business, Legal & Accounting Glossary

Definition: Detection Risk

Full Definition of Detection Risk

Detection Risk, in auditing, is the risk that the auditing procedures used will not find a material misstatement in the financial statements of the company being audited.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Detection Risk. Payroll & Accounting Heaven Ltd. September 28, 2021
Chicago Manual of Style (CMS):
Detection Risk. Payroll & Accounting Heaven Ltd. (accessed: September 28, 2021).
American Psychological Association (APA):
Detection Risk. Retrieved September 28, 2021, from website:

Definition Sources

Definitions for Detection Risk are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th April, 2020 | 1 Views.