Risk can be inherent in the company's business, due to things such as the nature of operations, or may be caused by weak internal controls.

Question

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Risk can be inherent in a company's business due to various factors such as the nature of operations, industry stability, economic conditions, etc. Additionally, risk can also arise from weak internal controls, such as inadequate accounting systems, lack of segregation of duties, and insufficient employee training.

Risk Can Be Inherent in the Company's Business, Due to Things