main The questions I must clarify is regarding the "planning audit matrix" on page 310 (R-50).
1)The section for Planned Control Risk (CR) must be filled in: Should I use all the
5 examples from 10.1 & 10.2 ?1) page 291 [R40-1]
2) Page 302 [R 42-1]
3) page 303 [R42-2]
]
4) page 304 [R 43]
5) page 305 [R 44]
2)Another question regarding page 310 [R 50] : When it comes to figuring out the Planned
Detection Risk (PDR), I thought its strictly based on the equation of AAR IR & CR.
However, on the bottom of the planning (page310) matrix , it advises that PDR should be
assessed based on the persuasiveness of the substantive test. This sounds like I should again be
basing it on some certain tests given in the previous cases. Could that be possible that I use only
that factor in figuring out the PDR ?
3) if you havent fallen asleep yet , do you have an idea what level to to fill in for planned
control risk of disclosure and what the reason should be? (The previous tests in 10.1 & 10.2 only
offers one assertion that is tested)
THANKS
YB