This section describes how to manage Tailoring Questions

Tailoring questions allow you to answer the questions which advise the system about various matters relating to the client. Select [Tailoring questions] from the Reference menu and a window will be displayed listing up to 99 areas with up to 99 questions in each.

The questions are answered [Yes] or [No] and provide information which will enable CCH Audit Automation to customise the audit programme, and working papers, based on the answers given.

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The list of areas is displayed in the top grid and the questions relating to the selected are in the lower grid. Selecting an area in the top grid, either by scrolling the list using the scroll bar, or clicking on an area name when it is displayed, will cause the questions relating to the area to be displayed.

The answer defaults to [No].

To change the answer to a question, either double click on it, or highlight it and click on the [Yes] or [No] buttons and the answer will be inserted and the highlight will be moved to the next question. Alternatively, you double-click on a question to toggle the answer between Yes and No, or click on the [Answers] button to displays a dialog showing the full question and radio buttons for Yes and No.

When you have finished answering the questions, close the window and you will be returned to the Planning options dialog.

The [Guidance] button offers a brief explanation of how the tailoring questions work and a guide on how to answer them.

Related documents

Inherent Risk Questions
This document outlines the process for assessing inherent risk in clients through a systematic approach of questions. The system can store up to 99 risk areas, each containing 99 questions, which are assigned point scores for "Yes" and "No" answers. It details steps for editing, adding, and deleting risk areas and questions, including interface navigation and confirmation prompts. Additionally, it emphasizes that once numbers are assigned to risk areas or questions, they cannot be changed. The document serves as a guide for managing inherent risk assessments effectively.
Audit Risks
This document details the functionality of CCH Audit Automation for recording Identified Audit Risks, also referred to as Significant Business Risks. It provides instructions for users to add, edit, and manage risks, including features for maintaining risks for future audits, assessing their significance, and linking them to assertions. The system includes tools for risk assessment, audit response, and documenting conclusions. Other functionalities encompass risk summarization, printing options, and risk linkage across multiple sources, enhancing the audit process's efficiency and accountability.
Default Specific Risk Questions
CCH Audit Automation allows users to define specific risk questions for audit areas, although it's not mandatory. If no specific questions are set, default questions will be used. Users can edit the default questions through the "Specific risk questions" option in the Risk Model section. Up to 99 default questions can be defined, similar to inherent risk questions. The system utilizes a lookup table that combines specific and inherent risks for audits, with editing instructions provided in the manual.
Risk/Sample Selection
This document outlines the concept of audit risk, defined as the likelihood of undetected material errors during an audit. It introduces a risk model used in Audit Automation that requires total audit risk to remain below acceptable levels across various audit areas. The risks are broken down into inherent risk, control risk, and detection risk, with further subdivisions for detection risk. It emphasizes the importance of understanding these concepts to design effective audit procedures and assess risk at different levels. Additionally, it discusses general and control environments, and the calculation of residual risk, alongside a risk scoring system.
Inherent Risks
The document outlines the procedure for addressing inherent risk questions in an audit context. Users can access a dedicated window to view up to 99 risk areas, answer questions, and modify responses as necessary. The system prompts users to validate changes to ensure proper risk assessments. It includes functionalities for viewing prior comments, copying text, and overriding calculated risk levels, emphasizing that auditor judgment is crucial. Comments on overrides must be provided to rationalize any adjustments made. The document serves as a guide for navigating and utilizing the auditing software effectively.