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Former userFormer user10y ago

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kengarrettkengarrettTutor10y ago#1
The normal definition of inherent risk is: "the susceptibility of an assertion about a class of transaction, account balance, or disclosure to a misstatement that could be material, either individually or when aggregated with other misstatements, before consideration of any related controls." See ww.accaglobal.com/uk/en/student/exam-support-resources/fundamentals-exams-study-resources/f8/technical-articles/audit-risk0.html So, you definition is pretty close. I would think 1 mark is no problem.
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