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Engagement settings: Risk scores

Article author
Tasha Kociszewski
  • Updated

Summary

The article gives a detailed overview of risk scores in the engagement settings.


Go to the Risk scores tab

  1. Select the logo in the MindBridge sidebar.
    You will go to the Organizations page.
  2. Select View in line with the organization you want to see, or click anywhere in the row.
    You will go to the Engagements page.
  3. Select the gear icon in line with the desired engagement.
    You will land on the General settings tab on the Engagement settings page.
  4. Select the Risk scores tab.
    You will see the control points that go into the MindBridge score.
Tip: If you are already in an engagement, simply open the sidebar and select Engagement Settings, then go to the Risk scores tab.

Overview

Risk scores inherit the default settings from whichever library the engagement is using, but can be adjusted in the engagement settings to tailor the analyses to your needs.

Learn more about risk scores.

Note: You will have to re-run analyses within the engagement for risk score changes to take effect.

View a risk score

The various risk scores are grouped by analysis type. 

Use the analysis menu to select an analysis type:

  • General ledger
  • Accounts payable
  • Accounts receivable

Use the risk score menu to select a score ensemble:

  • MindBridge score
  • Assets assertions
  • Liabilities and equity assertions
  • Profit and loss assertions

Select a risk score to expand the section and see the control points that comprise the risk score.

animated screen of mindbridge engagement settings opening and closing MindBridge score options


Adjust control point weights

Note: Review how MindBridge uses control point weights before adjusting them. The weight of each control point is unique to each risk score. For example, adjusting a control point within Assets assertions > Existence will not impact the control point weight of the same control point that appears in Assets assertions > Rights and obligations.
  1. Drag the slider in line with the control point to your desired weight, or input a value from 0-100 in the number field.
  2. When you are satisfied, Save your changes.
    A pop-up window appears.
  3. Enter the reason for the change.
  4. Select Done.


Adjust control point settings

Each of these control points have additional settings which are universal to all risk scores within that analysis type in the engagement.

Expand the control point row to expose its universal settings.

Complex Instrument

  1. Select Edit phrases.
    A pop-up window appears.
  2. Use the X to remove words from the list.
  3. Select Add keywords at the bottom of the list of words.
  4. Enter a new keyword or phrase.
  5. Use the comma key (,) or press Return/Enter on your keyboard.
    You can enter as many keywords as needed.
  6. When you are satisfied, select Done.

End of Analysis Period

  1. Select Edit threshold.
    A pop-up window appears.
  2. Adjust the number of days after an analysis period based on your firm's methodology.
  3. When you are satisfied, select Done.

End of Reporting Period

  1. Select Edit threshold.
    A pop-up window appears.
  2. Adjust the number of days after a reporting period based on your firm's methodology.
  3. When you are satisfied, select Done.

High Monetary Value

  1. Select Edit monetary value.
    A pop-up window appears.
  2. Adjust the top percentage of monetary values based on your firm's methodology.
  3. When you are satisfied, select Done.

Manual Entry

  1. Select Edit manual entry codes.
    A pop-up window appears.
  2. Use the X to remove keywords.
  3. Select Add keywords below Manual Entry Codes or Excluded Keywords, respectively, to add keywords to each.
  4. Enter a new keyword or phrase.
    1. Use the comma key (,) or press Return/Enter on your keyboard.
  5. You can enter as many keywords as needed.
  6. Use the minus icon () to remove entire rows.
  7. Use the plus icon (+) to add rows.
    If you add a new row, enter a column header.
  8. When you are satisfied, select Done.

Material Value

  1. Select Edit material value.
    A pop-up window appears.
  2. Adjust materiality based on your firm's methodology.
  3. When you are satisfied, select Done.

Old Unpaid Invoice

  1. Select Edit threshold.
    A pop-up window appears.
  2. Adjust the number of days based on your firm's methodology.
  3. When you are satisfied, select Done.

Suspicious Keywords

  1. Select Edit keywords.
    A pop-up window appears.
  2. Use the X to remove words from the list.
  3. Select Add keywords at the bottom of the list of words.
  4. Enter a new keyword or phrase.
  5. Use the comma key (,) or press Return/Enter on your keyboard.
    You can enter as many keywords as needed.
  6. When you are satisfied, select Done.

Disable a risk score

  1. Select the options icon to the right of the risk score.
  2. Select Disable risk score.
    A Disabled status appears beside the risk score name. Control points within the risk score are no longer editable.
  3. Save your changes.
    A pop-up window appears.
  4. Enter a reason for the change.
  5. When you are satisfied, select Done.

mindbridge animated screen of removing comments to change log in engagement settings


Enable a risk score

  1. Select the options icon to the right of the risk score.
  2. Select Enable risk score.
    Control points within the risk score are editable.
  3. Save your changes.
  4. A pop-up window appears.
  5. Enter a reason for the change.
  6. When you are satisfied, select Done.

mindbridge animated screen of adding comments to change log in engagement settings for enabling risk score


Add and remove control points from a risk score

  1. Select the options icon button on the right-hand side of the risk score.
  2. Select Add or remove control points.
    A pop-up window appears
  3. Check or uncheck the box next to a control point to add or remove it from the risk score.
  4. When you are satisfied, select Done.
    New control points are highlighted in blue and will have a default weight of 0%.
  5. Adjust the control point's weight and Save your work.
    A pop-up window appears.
  6. Enter a reason for the change.
  7. When you are satisfied, select Done.

MindBridge engagement settings checklist and change log animated screen


Anything else on your mind?

Head over to the community with your thoughts and inquiries! You can also chat with us, or, submit a request for further assistance.


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