Residual risk is best defined as: A The portion of inherent risk that remains after management executes its risk responses B C D The amount of risk an organization is willing to accept in pursuit of its business objectives The risk that audit procedures will fail to detect the error The internal and external risks that exist assuming there are no internal controls in place

Residual risk is best defined as: The portion of inherent risk that remains after management executes its risk responses (B) The amount of risk an organization is willing to accept in pursuit of its business objectives The risk that audit procedures will fail to detect the error The internal and external risks that existnassuming there are no internal controls in place