03 AUDIT ASSURANCE

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AuditAssure Pro Simulator

Core Management Assertions & Control Assessment Engine

Target AR: 5.0% (Low)

Select Business Cycle

Inherent Risk (IR)

×

Control Risk (CR)

=

RMM (IR × CR)

Detection Risk (DR)

Substantive Scope

Cycle Controls

Select control to assess

Core Management Assertion Audit Matrix

Cross-mapping of cycle assertions, control effectiveness, and evaluated residual risk levels.

Low Risk Moderate Risk High Risk

Assertion Category	Management Assertion	Mapped Controls	Avg Design Effectiveness	Avg Exception Rate	Assessed CR	Substantive Focus

Control Exception Rates by Assertion

Audit Risk Breakdown (IR vs CR)

INDEPENDENT AUDIT WORKING PAPER

Audit Period: FY 2026 | ISA 315 & ISA 330 Compliance Evaluation

WP REF: WP-C-2026

DATE: October 15, 2026

PREPARED BY: Lead Auditor

Total Controls Tested:

Overall Cycle RMM:

Target Detection Risk:

Audit Strategy:

Detailed Assertion Control Assessment Log

Ref	Assertion	Control Name	D&I Status	Sample / Exception	Control Risk	Auditor Conclusion & Impact

Prepared By (Senior Auditor):

Date: Oct 15, 2026

Reviewed & Approved By (Audit Manager):

Date: Oct 15, 2026

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