Risk Cockpit
Each caption's journal lines carrying the risk model's markers, valued by the assertion they threaten and read against performance materiality, with the worksheets that test each.
- General ledger alone
- Key analysis in Journal entries
How the result is read
A risk assessment asks where, and for which assertion, a material misstatement could arise. The journal-entry risk markers answer it from the population itself: a manual entry that bypassed approval or carries an unusual narrative threatens occurrence; entries at or after the year end threaten cut-off; round manual amounts point to estimates and plugs. Valued on each caption's own lines and read against performance materiality, they show which captions need the detailed tests first.
The worksheet, on the demo engagement
Risk Cockpit, as the application draws it for Harrow Precision Engineering Ltd, the fictional demo engagement — one row per caption.
Illustration. Manual revenue entries booked without approval put revenue and receivables at the top.
Result grid3 rows
| Caption | Statement | Activity | Occurrence | Cut-off | Accuracy |
|---|---|---|---|---|---|
| Revenue | P&L | 12,480,000.00 | 412,300.00 | 96,000.00 | 38,000.00 |
| Accounts Rec. | Balance sheet | 9,860,000.00 | 405,100.00 | 88,500.00 | 38,000.00 |
| SG&A | P&L | 3,110,000.00 | 8,200.00 | 21,400.00 | 0.00 |
In the application
Risk Cockpit is filed under Journal entries, index letter B. "Run all analyses" runs it with every other analysis the ledger can answer. The worksheet states the population it tested on its face — or "Not applicable" with the reason when a column it depends on is empty — and the Excel workbook the engagement exports files it under B, beside an index of the source files with their SHA-256 fingerprints.
Read it with
Run your next audit file test without the Excel crash.
One free engagement to evaluate, valid 60 days. The ledger never leaves the machine.
- 20 minutes
- Runs on a fictional engagement
- No client data required