What is inherent risk, Financial Management

What is Inherent risk

Susceptibility  of  an  account  balance  or  class  of  transactions  to  material  misstatement either  individually  or  when  aggregated  with misstatement  in  other  classes or  balances  , irrespective of related internal controls.

 

Posted Date: 9/3/2013 3:23:15 AM | Location : United States







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