Summary

The Audit assertion risk dashboard helps auditors evaluate risk at the account and assertion level using transaction-level data.

The dashboard breaks down risk by assertion across financial statement accounts and provides visibility into the control points, transaction patterns, and underlying entries contributing to assertion-level risk.

This workflow supports audit planning, risk assessment, investigation, and documentation by helping users understand which assertions may require additional attention and why.

How assertion risk scoring works

The Audit assertion risk dashboard produces separate scores for each account/assertion pair.

For example:

• Revenue | Occurrence
• Revenue | Completeness
• Revenue | Accuracy

Each assertion score represents a different dimension of potential misstatement risk and is evaluated independently.

Different assertions may indicate different types of risk. For example:

• Occurrence is generally associated with overstatement risk
• Completeness is generally associated with understatement risk

A high score for one assertion does not automatically mean the entire account should be considered high risk.

Users can investigate assertion-level scores to better understand:

• which assertions may require additional attention
• what transaction patterns contributed to the score
• which entries are driving elevated risk

To learn more about configuring assertion-level scoring workflows, see Configure audit assertion risk scoring.

Go to the Audit assertion risk tab

1. Select the icon in the MindBridge sidebar. 
   You will go to the Organizations page.
2. Select View in line with the desired organization, or click anywhere in the organization row. 
   You will go to the Engagements page.
3. Select View in line with the desired engagement, or click anywhere in the engagement row. 
   You will go to the Data page.
4. Select View Analysis on the desired analysis. 
   You will go to the Analyze page.
5. Select the Audit assertion risk tab.

Account risk by assertion table

The Account risk by assertion table displays assertion-level risk scores across financial statement accounts.

Users can review assertion-specific risk across account groups and investigate the transaction activity, control points, and scoring drivers contributing to elevated risk results.

Expand and collapse an account group

All account groups are collapsed by default.

1. Select the chevron icon left of an account name to expand the account group.
   All levels within the group are displayed.
2. Select the chevron icon again to collapse the group.

Filter

1. Select filters from the Account, Type, and/or User ID menus.
2. When you are satisfied, Apply each filter to quickly sift through ledger data and compare accounts for more insights.

Select Reset Filter any time to remove applied filters.]

Annotate

1. Select the annotation icon in line with an account.
   All annotations for that account appear.
2. Select Add annotation to create a new annotation.

Learn more about working with annotations.

Export

Select the export icon in line with Account risk by assertion. The current table view and any applied filters are captured and exported as an .xlsx file.

Drill-down to the Data table

Selecting the drill-down icon allows users to investigate the transaction-level entries contributing to the selected assertion risk result.The Data table automatically applies the selected account, assertion, and dashboard filters, helping users move from summarized assertion-level risk into detailed transaction investigation.

Update the visualizations

Select any colored cell in the table to update the Risk Over Time and Control Point Breakdown graphs.

Entry risk over time graph

Hover over a segment on the graph to reveal:

• The interval of time the bar represents
• The triggered risk levels, and number of entries in each group

Use the legend below the graph to enable or disable each risk level on the graph. Disabled categories appear in grey.

Select any bar on the graph to drill-down to the data table, where you can review a detailed list of transactions for the selected time frame and risk category.

Change the time interval

By default, the graph displays the data by month. 

1. Select View by to open the menu.
2. Select the interval of time you would like the graph to display — by Month, Week, or Day. 

Control Point breakdown graph

The Control point breakdown graph provides visibility into the control points contributing to the selected assertion risk score.

Each bar indicates how strongly a control point contributes to increasing or decreasing the selected assertion-level risk result.

• Positive values raise the score
• Negative values lower the score

The total of these bars is the difference in assertion scores between the account under investigation and the average of the same assertion score across all accounts. 

To understand why an account has a high risk score, investigate the highest positive numbers on the graph.

The graph can be interpreted as follows:

• A large positive number indicates that the control point is a major factor behind the elevated risk score in the account, and may need further investigation.
• Numbers close to 0 indicate that, at the aggregate level, there is no elevated risk in the account related to the control point.
• Negative numbers indicate that at the aggregate level, the account shows no sign of risk in the account related to the control point.

Anything else on your mind? Chat with us or submit a request for further assistance.