Risk ranges are customized scoring parameters that are determined by the minimum and maximum percentage thresholds for low, medium, and high risk levels, respectively.
App Admins can create custom risk ranges within the library and apply them to custom risk scores based on their firm's methodology. These new risk ranges (whether they are Active or Inactive in the library) are automatically imported for use in new engagements and applied to analysis results, but you can change which risk range is applied to any of your team's custom risk scores in the analysis settings.
Go to your risk ranges in the analysis settings
- Select the logo in the MindBridge sidebar.
You will go to the Organizations page.
- Select View in line with the organization you want to see, or click anywhere in the row.
You will go to the Engagements page.
- Select View in line with the engagement you want to see, or click anywhere in the row.
You will go to the Data page.
- Select View Analysis in line with the desired analysis.
You will go to the Analyze page.
- Select Settings ( ) in the sidebar, then select Analysis settings.
You will go to the General settings tab.
- Go to the Risk ranges tab.
You will see a list of risk scores and the risk ranges applied to each.
This screen provides a high-level overview of the risk ranges applied to risk scores in the analysis:
- Risk score: The specific risk score that the risk range is applied to.
- Risk group: The group to which the risk score belongs.
- *Risk range: The risk range applied to the risk score.
- Description: The purpose of the risk range.
- Low: The minimum and maximum percent associated with low risk entries or transactions.
- Medium: The minimum and maximum percent associated with medium risk entries or transactions.
- High: The minimum and maximum percent associated with high risk entries or transactions.
Find a risk range
Enter a full or partial search term into the search bar, then press enter/return on your keyboard or select the magnifying glass icon ( ).
Sort by name
Sort your risk score and risk group columns by name in ascending or descending order by selecting the Name column header. The darker triangle indicates the sort order.
Click and drag the desired column header left or right into its new location.
Add and remove columns
Open the Columns menu on the right side of the table and check the box next to each column you want to display.
Pin a column
Pinning columns ensures they will stay in view when scrolling horizontally.
Open the menu ( ) within the column header you want to pin, then select Pin Column and choose the pin location on the table: Left, Right or No Pin (default).
Update the risk range on a custom risk score
You can update which risk range is applied to any of your team's custom risk scores.
- Open the risk range menu beside the custom risk score you want to update.
- Select from the menu options available.
You can change the risk range of as many risk scores as desired before saving.
- *When you are satisfied with your changes, Save your work.
A pop-up window will appear.
- Enter a reason for each change.
This change and the rationale for the change will appear in your App Admin's Activity report.
- When you are satisfied, select Done.
Your changes will be saved, but must be applied to the analysis in order to recalculate the analysis results.
- Go back to the Data page.
- Find the analysis you want to update and select Apply new risk range.
MindBridge will recalculate the analysis results.
- Once the changes have been applied, select View Analysis to go to the results.
Select Discard changes to discard your unsaved changes.
Filtering for risk ranges in your analysis
As described above (in steps 6 and 7), after applying the appropriate risk ranges to your custom risk scores in the analysis settings, you can either run your analysis (if it has not yet been run) or apply the new risk ranges to your run analysis.
Once the analysis has been run or the new ranges have been applied, you can use the Risk range filters on the following dashboards:
- Risk segmentation: Use the filter to further customize your segment and gain deeper insights by including or excluding risk ranges in the segment table.
- Data table: Within the Entries view, use the filter to better align the results in MindBridge to your firm methodology.