Risk matrix inherent high moderate low control h m l

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RISK MATRIX Inherent HIGH MODERATE LOW Control H M L H M L H M L Detection H H M H M L M L L SUBSTANTIVE PROCEDURES Detection Earnings Items Balance Sheet Items Risk Analytic Detailed Analytic Detailed HIGH Proof-in-total Consistent Limited -- -- (0)* Intermediate I (1.4) Intermediate II (1.9) Extensive (3) Proof-in-total Consistent Limited -- Basic (1) Intermediate I (1.4) Intermediate II (1.9) Extensive (3) MODERATE Consistent Limited -- -- (0)* Basic (1) Intermediate I (1.4) Consistent Limited -- Basic (1) Intermediate I (1.4) Intermediate II (1.9) LOW Limited -- -- (0)* Basic (1) Limited -- -- (0)* Basic (1) * NOTE: Tests of details are required where no controls reliance has been established and risk is significant (CAS 330.21). Note: Bracketed numbers above indicate the figure to be used in calculating sample sizes. Document any reduction of the acceptable level of audit risk below 5%, and explain why such reduction is appropriate. N/A Initial Date Prepared by      Detail Review by Supervisory by       Peer Review by "We are - the relationship you can count on" - Chiu & Weisserman, LLP
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Chiu & Weisserman LLP References Dollarama web site. (June 2012). About Dollarama, Retrieved from http://www.dollarama.com/about_us/ John Daly. (Tuesday, May 15, 2012). How Dollarama turns pocket change into billions, Retrieved from http://www.theglobeandmail.com/report-on-business/rob-magazine/how-dollarama-turns-pocket- change-into-billions/article4097813/ Marowits, A. (April 11,2012). Dollarama to add up 60 stores as it ramps up competition with Dollar Tree. Retrieved from http://www.oldsalbertan.ca/ Zellers. In Wikipedia. Retrieved from http://en.wikipedia.org/wiki/Zellers LaSalle, L. (June 28, 2011). Dollarama faces competition from U.S. retailers for consumers’ buck. Retrieved from http://www.canadianbusiness.com/ McGraw Hill. (2012). Capital IQ Retrieved from http:/www.capitaliq.com/ "We are - the relationship you can trust" - Chiu & Weisserman LLP
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