Risk matrix inherent high moderate low control h m l

Info icon This preview shows pages 47–48. Sign up to view the full content.

View Full Document Right Arrow Icon
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
Image of page 47

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Chiu & Weisserman LLP References Dollarama web site. (June 2012). About Dollarama, Retrieved from John Daly. (Tuesday, May 15, 2012). How Dollarama turns pocket change into billions, Retrieved from - 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 Zellers. In Wikipedia. Retrieved from LaSalle, L. (June 28, 2011). Dollarama faces competition from U.S. retailers for consumers’ buck. Retrieved from McGraw Hill. (2012). Capital IQ Retrieved from http:/ "We are - the relationship you can trust" - Chiu & Weisserman LLP
Image of page 48
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern