Q). Which of the following is a risk which occurs in case an auditor uses an insufficient test procedures resulting in an ill-informed conclusion that material errors do not exist, when in fact they do?

A. Business risk
B. Detection risk
C. Audit risk
D. Inherent risk

Answer:

The answer is 'B'. If one looks at the definition of detection risk which says that detection risk results when an IS auditor uses an inadequate test procedure and concludes that material errors do not exist when, in fact, they do.