02 AUDIT ASSURANCE

​This application allows auditors and financial managers to:
​Select Core Accounting Cycles: Revenue & Receivables, Procurement & Accounts Payable, Payroll & Expenses, and Fixed Assets & Inventory.
​Interact with Internal Controls Mapped to Assertions: Evaluate specific controls tied directly to Management Assertions (Occurrence, Completeness, Accuracy, Cut-off, Existence, Rights & Obligations, Valuation).
​Execute Control Assessments: Evaluate Design & Implementation (D&I), perform Operating Effectiveness (OE) testing with auto-calculating sample test logs, and set Inherent Risk (IR) & Control Risk (CR) levels.
​Auto-Calculate Residual Audit Risk: Real-time calculation of Detection Risk (DR = \frac{AR}{IR \times CR}) and required substantive audit procedures based on the Audit Risk Model.
​Generate Working Paper Reports: View summary visual dashboards, risk matrix heatmaps, and downloadable/printable Audit Working Papers (ISA/PCAOB compliant).

Key Features of this Interactive Simulator:
​Core Management Assertion Engine: Directly tests controls against Occurrence, Completeness, Accuracy, Cut-off, Existence, Rights & Obligations, and Valuation.
​Design & Implementation (D&I) + Operating Effectiveness (OE): Allows real-time toggling of control designs and live sample log editing.
​Audit Risk Model Integration: Dynamically recalculates Risk of Material Misstatement (RMM = IR \times CR) and necessary Detection Risk (DR) alongside substantive audit procedure recommendations.
​Visual Analytics & Working Paper: Provides interactive Chart.js visualizations, an Assertion Matrix, and a ready-to-print Audit Working Paper (WP-C-2026).