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If Inherent and Control Risk are high, Can auditor accept detection risk at high level as well?

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Question added by Kamran Anjum , Head of Internal Audit , Rafhan Maize Products Company limited, Faisalabad, Pakistan, Ingredion Incorporated Gmbh
Date Posted: 2014/04/01
M. Omair Afridi
by M. Omair Afridi , Manager Finance , TM Group of Hotels

If inherent risk and control risks are high, the auditor should keep detection risk at as minimum level as possible. Detection risk can be minimized by relying more on substantive procedures (test of details) and keeping materiality as well as performance materiality at low level.

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