You will be guided to consider various factors relevant to the different elements of the client’s internal controls as well as rules of the law society.
|In assessing all the questions you will be able to identify controls in place as well as control risks and conclude on the overall control risk of the engagement as well as compliance with the rules of the law society.|
Answer the question by making a selection with the "Yes / No" drop-down box.
|By answering the questions you will be reminded to report weaknesses/non-compliance.|
|Description||Insert a short description to document the control.||By describing the control you are able to substantiate your answer to reviewers and future enquiries.|
|How was relevant controls implemented||You have to describe, for relevant controls, how you determined that the control was implemented.||By describing how the control was implemented you are able to substantiate your answer to reviewers and future enquiries.|
|Reliance intended||You have to decide whether you want to place reliance on the control and therefore test this control in order to obtain audit evidence||When you want to place reliance on the control you have to test this control in order to obtain audit evidence and test of control procedures will be enabled for the relevant section in your work programs.|
|Test of control||If reliance is intended you design the test of control for the specific control.||The test of control will show up in your work programs to remind you to perform additional work on the control and to test the control.|
|Report item||You have to decide whether or not you want to report the weakness in 03.90 Report to management and those charged with governance as well as 03.95 Auditor's assurance report.|
If the control is not in place and you decide not to report the item, an input cell will appear below the control question where you can insert a description or comment.
|By reporting weaknesses/non-compliance as and when they are discovered you ensure that all weaknesses/non-compliance are recorded and reported.|
|Weakness/Non-compliance||If you decided to report the weakness/non-compliance, then you have to record the weakness in this column.|
The weakness/non-compliance will automatically carry forward to 03.90 Report to management and those charged with governance as well as 03.95 Auditor's assurance report.
|Inserting the weakness here will ensure that your 03.90 Report to management and those charged with governance as well as 03.95 Auditor's assurance report are completed automatically.|
|Risk||Raise a risk relating to the control question here if necessary.||When raising a risk you are prompted to perform work on the risk in other documents.|