IT Risk Fundamentals Practice Questions - ISACA IT Risk Fundamentals Certificate (ITRF) Exam

What is the difference between inherent risk and residual risk?

Inherent risk is risk before controls; residual risk is the risk that remains after controls are applied Inherent risk is the risk after controls; residual risk is the risk before controls Inherent risk only applies to financial risks; residual risk only applies to IT risks Inherent and residual risk are synonyms used interchangeably

Correct Answer:

Inherent risk is risk before controls; residual risk is the risk that remains after controls are applied

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