GAM
Where on the RSM intranet can you find GAM?
RSM ORB
What w/p in the caseware is risk assessment performed?
w/p 3100
What is the framework called that includes inherent risk, control risk and detection risk?
Audit Risk Model
What does GAM stand for?
Global Audit Manual
If assessed control risk is low what procedures are performed?
Test of Controls
Per RSM Orb Audit Risk Model what is the first step in assessing risks?
Performing preliminary analytic procedures and other risk assessment procedures.
What section of GAM is related to risk assessment?
GAM 315
If assessed control risk is high and account is significant what procedures are performed?
Test of Details
When do you perform a stand back evaluation?
When an account balance is material but not significant