Define inherent risk and residual risk


Problem: Define inherent risk and residual risk. Which of the two types of risk should have a greater impact on the annual internal audit plan?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Define inherent risk and residual risk
Reference No:- TGS01449851

Now Priced at $20 (50% Discount)

Recommended (99%)

Rated (4.3/5)