Inherent risk (accounting)
id:
inherent-risk-accounting-205-11018916
title:
Inherent risk (accounting)
text:
Inherent risk, in a financial audit, measures the auditor's assessment at the assertion level of the likelihood that there are material misstatements, either individually or in aggregate, due to error or fraud in a class of transactions, account balance or disclosure before considering the effectiveness of internal control. If the auditor concludes that a high likelihood exist, the auditor will conclude that inherent risk is high. Inherent risk is one of two components of the risk of material mi
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Inherent_risk_(accounting)
date created:
2008-01-18T15:57:52Z
date modified:
2024-09-10T08:05:59Z
main entity:
{"identifier":"Q6033727","url":"https://www.wikidata.org/entity/Q6033727"}
image:
fields total:
13
integrity:
14