Auditor's dictionary. 2014.
Inherent risk — Inherent risk, in auditing, is the risk that the account or section being audited is materially misstated without considering internal controls due to error; inherent risk does not include an assessment of the risk of material misstatement due to … Wikipedia
Risk — takers redirects here. For the Canadian television program, see Risk Takers. For other uses, see Risk (disambiguation). Risk is the potential that a chosen action or activity (including the choice of inaction) will lead to a loss (an undesirable… … Wikipedia
Risk assessment — is a common first step in a risk management process. Risk assessment is the determination of quantitative or qualitative value of risk related to a concrete situation and a recognized threat. Quantitative risk assessment requires calculations of… … Wikipedia
inherent — 01. The will to survive is [inherent] in all living creatures. 02. Misako always told me that she disliked the hierarchies [inherent] in Japanese culture, and came to New York to escape that system. 03. Stress is an [inherent] part of life, with… … Grammatical examples in English
inherent — inherent, ingrained, intrinsic, essential, constitutional mean being a part, element, or quality of a thing s internal character or inmost being. Something is inherent which is so deeply infixed in a thing that it is apparently part of its very… … New Dictionary of Synonyms
inherent vice — UK US noun [C] ► INSURANCE a natural characteristic that causes some goods to be spoiled or become damaged, which insurance companies will not accept as a risk: »The insurers denied any liability on the grounds that the damage was due to an… … Financial and business terms
inherent defects — Structural or design defects can cause extensive repairs and considerable expense. It is common for this type of risk to be covered by the landlord s building insurance and responsibility as between landlord and tenant is ascribed to the party… … Law dictionary
risk — {{Roman}}I.{{/Roman}} noun ADJECTIVE ▪ big, considerable, enormous, grave, great, high, huge, major, serious, significant … Collocations dictionary
Risk management plan — A Risk Management Plan is a document prepared by a project manager to foresee risks, to estimate the effectiveness, and to create response plans to mitigate them. It also consists of the risk assessment matrix.A risk is defined as an uncertain… … Wikipedia
inherent — adj. Inherent is used with these nouns: ↑ability, ↑ambiguity, ↑bias, ↑conflict, ↑conservatism, ↑contradiction, ↑danger, ↑difficulty, ↑disadvantage, ↑flaw, ↑incompatibility, ↑ … Collocations dictionary
