residual risk

residual risk
The risk left over after safeguards (mitigation strategies) have been implemented.

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  • 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

  • residual risk — The *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 …   Auditor's dictionary

  • Residual risk — Related: unsystematic risk …   Financial and business terms

  • residual risk — Related: unsystematic risk …   Financial and business terms

  • residual risk — See systematic risk …   Big dictionary of business and management

  • Risk management — For non business risks, see risk, and the disambiguation page risk analysis Example of risk management: A NASA model showing areas at high risk from impact for the International Space Station. Risk management is the identification, assessment,… …   Wikipedia

  • risk minimization — A *risk management technique that reduces the likelihood of occurrence of a *risk or reduces the potential impact of a *risk. If a risk has been managed to acceptable levels of *residual risk, the incremental costs of attempting *risk elimination …   Auditor's dictionary

  • residual income — residual return The net income that a subsidiary undertaking or division of an organization generates after being charged a percentage return for the book value of the net assets or resources deemed to be under its control. The residual income… …   Accounting dictionary

  • Residual-current device — A two pole residual current device A Residual Current Device is a generic term covering both RCCBs and RCBOs. A Residual Current Circuit Breaker (RCCB) is an electrical wiring device that disconnects a circuit whenever it detects that the… …   Wikipedia

  • Residual Equity Theory — An accounting concept that says that common stockholders take the greatest risk when they buy into a company; therefore, they should have sufficient information about the company s financial standing and performance to make sound investment… …   Investment dictionary

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