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Idea from Eric Novinson

Title

Five Examples of Inherent Risk

Summary

This article will describe five examples of inherent risk, one of the three types of audit risks. It will explain why handling cash, complex financial products, complex business structures, third-party software, and sensitive data add inherent risk.

Author

Eric Novinson

Keywords

  • auditing
  • accounting
  • risk
  • Links

  • https://cpahalltalk.com/inherent-risk/
  • https://corporatefinanceinstitute.com/resources/knowledge/accounting/inherent-risk/
  • https://www.educba.com/inherent-risk/
  • https://www.oncentrl.com/resources/inherent-risk-vs-residual-risk-what-is-the-difference/