[1][2] Another definition is that inherent risk is the current risk level given the existing set of controls, which may be incomplete or less than ideal, rather than an absence of any controls.
Inherent strategic risks could stem from changes in the business environment, competitive pressures, or shifts in consumer preferences.
[6] Compliance Risk are related to adherence to laws, regulations, and policies.
Inherent compliance risks occur when regulatory landscapes change or when new regulations are introduced.
Inherent reputational risks can be triggered by negative publicity, social media activity, or other factors that impact public opinion.