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Acronyms that contain the term inherent risk
What does inherent risk mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: inherent risk.
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| Term | Definition | Rating |
|---|---|---|
| IR | Inherent Risk |
What does inherent risk mean?
- Inherent risk
- Inherent risk, in a financial audit, measures the auditor's assessment of the likelihood that there are material misstatements due to error or fraud in segment 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. Detection Risk
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"inherent risk." Abbreviations.com. STANDS4 LLC, 2024. Web. 29 Apr. 2024. <https://www.abbreviations.com/inherent%20risk>.
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