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Which of the following may be assessed in non quantitative terms?

1) Inherent Risk

2) Residual Risk

3) Control Risk

4) Detection Risk

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Question added by Mir Mujtaba Ali , Internal Audit Manager , Confidential
Date Posted: 2015/02/04
Tomasz Modrzejewski
by Tomasz Modrzejewski , Programmer , Company Skraw-Mech

From the point of view of management, the risk can be defined in various ways due to different criteria

1) Inherent Risk

Risk and Control Impact Assessment.JPG

Hany Sabry
by Hany Sabry , Finance Manager , GMC for Engineering & Feeding Industries (S.A.E)

Choice "1" is correct. Both the risk of material misstatement (including control risk and inherent risk) and detection risk may be assessed in quantitative terms such as percentages or in nonquantitative terms that range , for example, from a minimum to a maximum.

 

Salah Othman Yousef Alshambaati
by Salah Othman Yousef Alshambaati , مدير ادارة الحسابات , شركة انفال الجديدة للتجارة والمقاولات

1) ***************Inherent Risk

Ezzidin Ibrahim
by Ezzidin Ibrahim , Financial Controller , Karim Food Industries

1) Inherent Risk is the correct answer

mohamed Hakim CMA CPA Candidate
by mohamed Hakim CMA CPA Candidate , Accounting Manager , Andersen saudi arabia

Answer A

Like  all  inherent risk

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Answer option (1) >>>>>>>>>  Inherent Risk

Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

* the correct answer is 1) Inherent Risk

 

Waqas Raza Khan
by Waqas Raza Khan , Accountant , Cold Store Group of Saudi Arabia

option is ANSWER ---------A

Divyesh Patel
by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

My answer is option 1- Inherent Risk. Thank you.

Alex Al Yazouri
by Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

1) >>>>>>>>>>>>>>>>>Inherent Risk

Sahar Alech
by Sahar Alech , Auditor / Financial Manager , Accounting Services Office

Inherent risk answer #1............

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