Remove Corporate Governance Remove Cybersecurity Remove Hazard
article thumbnail

Risk Assessments and Internal Controls

Reciprocity

The most common issues can be classified into the following categories: Inherent Risk Inherent risk is the level of risk — inaccurate financial statements, cybersecurity threats, compliance failures, and so forth — that exists when an organization has no controls in place whatsoever to guard against the danger.

Audit 52