What you get

• Text in the chatCopy it wherever you need it. Keep chatting to adjust the tone, length, or wording.

How it works

1. Describe the process, the systems it runs on, and any controls you already have, or the control and the exceptions you found.
2. askROI's Finance audit support tool derives the risks from your process against the financial statement assertions and builds the matrix, workpaper, deficiency evaluation, or PBC list, marking any control it proposes rather than one you described.
3. Copy the tables into your workpapers or ask for a spreadsheet, or keep chatting to add a process, adjust a control, or move on to testing.

What people use it for

• SOX 404 scopinga risk and control matrix for a process, with key controls flagged and gaps where a risk has no control.
• Test planninga workpaper with one attribute per control step, a sample size by control frequency, and space for results and the conclusion.
• Exception follow-upweigh an exception by magnitude, likelihood, and compensating controls before you classify it.
• Audit preparationa PBC list that asks for specific evidence by process, owner, and due date.

Questions

What is in the risk and control matrix?

One row per risk with the process, the risk, the assertions it affects, the control and who performs it, whether it is preventive or detective and manual or automated, how often it runs, whether it is a key control, and how to test it. The risks come from the process you describe, not a fixed list, and IT general controls are included when systems are in scope.

Does it make up controls?

No. Controls you described are listed as they are. Where a risk has none, it proposes one and marks it as proposed, and a risk without any control is flagged as a gap.

Can it calculate an audit sample from a population file?

Not on this page. The workpaper uses common minimum sample sizes by control frequency. For a statistical sample size and a reproducible selection from your own CSV or Excel file, use the Data reports tool.

What does it not do?

It does not perform the audit, test your records, or give audit or financial advice. Its output supports your audit work, and a licensed CPA or qualified auditor should make the audit and compliance decisions.