New Reportable Item Dialog

Click to open the Reportable Item Doormat menu. The menu lists risks, controls and reportable items that have been defined. You can create, delete and edit a risk, controls or reportable items from this menu.

You can also remove risks, controls and reportable items in bulk by clicking the Delete (x) button to the right of the heading.

Displays the description entered in the New reportable item name field.

Display the previous and next reportable item. The order in which risks are displayed is specified in the risks drop-down. This field is visible only if you have accessed this dialog from within a risk report.

New reportable item name

Type a short description of the reportable item. This short description appears in the document 360. - Management letter report and by the letters linked to specific reportable items.

Observation/Weakness

Type a description for the observation or weakness for which the reportable item has been created.

Identifier

Type an alphanumeric identifier.

Weakness

Type an additional description for the weakness for which the reportable item has been created.

Other reportable item

Select if the reportable item is not a Current Finding or a Previous Finding. When this check box is selected, the Associated Controls, Associated Risks and Add Recommendation fields are hidden.

Source

Click to open a link to the original source document where the reportable item was identified in the Document Manager dialog. The source/reference is automatically populated when adding a reportable item inside a document. Note: You can link a specific procedure to a reportable item by clicking near the work program.

Addressed

Click to add a reference link to where the audit work was completed to address the reportable item.

Status

Select the status of the reportable item to assist in tracking the reportable item.

Add Recommendation

Click beside the reportable item name, to add recommendations. When you click button the following choices appear:

• Create New (item) - opens the New Recommendation dialog and create a new recommendation
• Import from File - - imports risks from a template or other source file, using the Import Reportable Items dialog.
• Edit Recommendation - edits an existing recommendation. A dialog appears that lists the recommendations that have already been added to this client file, select a recommendation to edit and click OK.

When you have selected the recommendations to add to the reportable item, you can then select the letters that are to contain the reportable item and the recommendations.

Management Response

Type the details of any response from management and any controls that have been implemented with respect to the reportable item.

Reason

Type the reason for choosing this response for the reportable item.

Roll forward

Select to include the reportable item in next year's file. This is selected by default.

Select from current or prior year in which the reportable item was identified.

Classification

Select the grouping to use. This can be left blank, or can be any defined business cycle.

Rating

Select the rating for this reportable item. The firm author specifies the list of available ratings.

Grouping

Select the grouping to use. This can be left blank, or can be any defined business cycle.

Risks

Click beside Risk, to add risk to the control. The following choices appear:

• Create New (item) - opens the New risk dialog to create a new risk.
• Import from File - imports risks from a template or other source file, using the import controls dialog.
• Edit Association - uses an existing risk. A dialog appears that lists the controls that have already been added to this client file. From the dialog, select one or more controls to be associated with this risk.

Controls

Click beside Control, to add controls to the risk. The following choices appear:

• Create New (item) - opens the New control dialog to create a new control.
• Import from File - imports controls from a template or other source file, using the import controls dialog.
• Edit Association - uses an existing control. A dialog appears that lists the controls that have already been added to this client file. From the dialog, select one or more controls to be associated with this risk.