• Risk Identification
  • Annotations
  • Audit Documentation and Identified Misstatements
  • Detailed Audit Response Instructions
  • Linking Procedures to Risk
  • Mini Risk Report
  • Risk Identification - Overview
  • Risk Reports - Overview
  • Understanding the Entity
  • Risk Dialog
  • Document menu
  • Adding an Identified Risk
  • Attaching a document reference to a business cycle
  • Copying Risks from within the File
  • Copying Risks from Another Client File
  • Creating Additional Risk Reports
  • Deleting risk in a risk report
  • Modifying Risk in a Risk Report
  • Gathering Information About the Entity
  • Importing Risks

Risk Report

As you accumulate risks for your client, you can view, edit, or copy risks in the Risk Report. Audit includes the 560E. - Risk Report documents in the Document Manager that summarize the various risks accumulated throughout the audit and the responses to procedures. The reports provide a quick view of all identified risks, highlighting their severity and identifying those mitigated by controls and addressed by the audit.

Shading is used to highlight risks that are more severe. The colors used, in order from least severe to most severe: white (least severe), grey, violet, magenta, scarlet, bright red (most severe).

Different Views can be created and saved by selecting various Filters, applying a Layout, adding and removing columns, and changing column widths.

Note: This document is automatically set to Sync-On-Demand in SmartSync environments.

This online help system applies to all CaseWare Audit, Review and Compilation products. Not all features are available in all products.