Risky Thinking
– On Risk Assessment, Risk Management, and Business Continuity
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Risky Thinking
– On Risk Assessment, Risk Management, and Business Continuity
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| Home / Risk Glossary / Inherent Risk | 2 September, 2010 | |
Inherent Risk (Definition)A risk which it is impossible to manage or transfer away is said to be an inherent risk. Note that this usage differs to some degree from that in financial auditing, where inherent risk is the risk of a material misstatement of facts prior to (or excluding the possible effects of) any internal controls. Risky Thinking Newsletter Are you responsible for Business Continuity, Disaster Recovery, or Risk Management in your organization? Then you may wish to receive a free subscription to the the monthly Risky Thinking Newsletter. It contains news, opinions and articles of interest to people working in these areas. View a sample issue, or click here to subscribe. Recent articles have included: A fast-food restaurant is not a good place for a discussion on risks. Common industry practices can amplify otherwise miniscule risks, and the restaurant owner may well be the victim of the risk management practices of his suppliers.
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