The audit units can now be evaluated against the risk models
defined.
Select menu item 3 from the AMP Main Menu and menu item 2 from the Risk Assessment Menu.
AMP can automatically calculate risk factor evaluations for
the calculated risk factors using the financial information
recorded for the audit units.
Select menu item 1, 3.2.1 Compute Suggested Audit Unit Risk Factor Evaluations Menu. On the next menu, select menu item 1, 3.2.1.1 Compute Suggested Audit Unit Risk Factor Evaluations for Calculated Risk Factors, using DIV1 as input. Have AMP copy the suggested weights to the chosen weights by entering a Y in response to the prompt.
QUIT to the previous menu and select item 2, 3.2.2 Maintain Audit Unit Risk Factor Evaluations Menu to proceed with the risk factor evaluations for the subjective risk factors. Select menu item 1, 3.2.2.1 Evaluate Audit Unit Categories - By Category, using DIV1 as input, select a category by entering its sequence number, and enter the evaluations as shown in Figure 8. Repeat for both categories and then evaluate the audit units using menu item 3, 3.2.2.3 Evaluate Audit Units - By Audit Unit and Figure 9.
Figure 8: Audit Unit Category Evaluations for DIV1
| Chosen Weight | |
Category: Location 1
Category: Location 2
|
3 2 2 3 2 1 2
8 |
Figure 9: Audit Unit Evaluations for DIV1
| Chosen Weight | |
| Audit Unit: Department 1 Competence Audit Unit: Department 2 Competence Audit Unit: Office 1 Competence Audit Unit: Office 2 Competence |
7 8 8 9 7 8 7
3
7
2 |
Now that all the evaluations are recorded, we can let AMP
calculate the Priority Scores.
QUIT back to the Evaluate Audit Unit Priorities Menu and select menu item 3, 3.2.3 Compute Concern Indices and Priority Scores.
That completes the risk evaluation process for DIV1.
We can repeat the steps followed above for the DIV2 file using
Figures 10 and 11. You can also try printing some of the reports
in 3.4.2 Print Audit Unit Evaluations Reports. These will display
the evaluations recorded for the audit units as well as their
concern indices and priority scores.
Figure 10: Audit Unit Category Evaluations for DIV2
| Chosen Weight | |
Category: Plant 1
Category: Plant 2
Category: Administration
|
9 9 8 9 9 8 8 7
3
0 |
Figure 11: Audit Unit Evaluations for DIV2
| Chosen Weight | |
Audit Unit: Operations
Audit Unit: Inventory
Non-productive
|
8 8 6 7 8 7 8 9
2
0 |
This brings us to the end of this tutorial. We have skipped
some sections of AMP in the interest of reducing the time
requirements of the tutorial. We encourage you to explore the
other features and experiment, perhaps by applying AMP to
your own data.
