History

There are 2 versions of this glossary term.

2. Inherent Risk

An assessed level of raw or untreated risk; that is, the natural level of risk inherent in a process or activity without doing anything to reduce the likelihood or mitigate the severity of a mishap, or the amount of risk before the application of the risk reduction effects of controls. It's the most amount of potential risk an engagement could pose.

Revised By: Venminder Inc Revised On: May 13, 2020 8:59 AM

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1. Inherent Risk

The “first impression” risk upon first glance at a vendor’s due diligence.

Revised By: Venminder Inc Revised On: Aug 13, 2019 2:55 PM

Characters Edited: 0 Total: 74