AuditDesktop supports work with an Identified risks nomenclature. It
is a comprehensive list of all risks identified in the working
papers, providing information about each risk in
terms of risk level, impact on materiality, whether it affects
statements, etc.

To access a working paper's list of identified risks, choose one of the
following ways:

• Open the engagement → Right click on the working paper → From the
  context menu select
  Identified risks
• Open the engagement → Select the working paper → Click
  the Identified
  risks button located in the toolbar

The buttons enable you to do the following actions:

• Add risk – open the
  window for adding new risks
• Edit risk – open the
  window for editing risks
• Delete risk – delete the
  selected risk
• Risk details – detailed
  information about the selected risk
• Print – open the window
  for printing templates

Description

The tab gives a description of the identified risk.

Assertions

The tab shows which management assertions cover the selected risk.

Statement of financial position

The tab shows which statement of financial position
items
are affected by the risk.

Income statement

The tab shows which income statement
items
are affected by the risk.

Working paper objective

The field gives a description of the working paper's objective.

Risk matrix

The section shows the risk score which is automatically assessed by the
program.

All risks that have been identified during the audit process can be
viewed in the Risk Register.