- *risk remaining after the application of *risk management techniques and *internal controls. It is often impossible to eliminate risks entirely; but risks can be managed to levels that an organization’s managers deem to be acceptably low. The culture of an organization (its *risk appetite) tends to determine levels of acceptable residual risk. See also *net risk.
Auditor's dictionary. 2014.
Look at other dictionaries:
Residual risk — The residual risk is the risk or danger of an action or an event, a method or a (technical) process that, although being abreast with science, still conceives these dangers, even if all theoretically possible safety measures would be applied… … Wikipedia
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