What does inherent risk mean?

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What does “inherent risk” mean?

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Internal Auditing Assurance & Advisory Services

ISBN: 9780894139871

4th Edition

Authors: Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Cris Riddle, Mark Salamasick, Paul J. Sobel

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Question Posted: Aug 13, 2023 12:19 AM

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What does inherent risk mean?

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Inherent risk refers to the level of risk that exists in a process transaction or activity without considering the impact of internal controls It repr...View the full answer

Internal Auditing Assurance & Advisory Services

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