Audit assertion risk dashboard: Overview – MindBridge: English (US)
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Summary
The Audit assertion risk dashboard helps auditors evaluate risk at the account and assertion level using transaction-level data.
The dashboard breaks down risk by assertion across financial statement accounts and provides visibility into the control points, transaction patterns, and underlying entries contributing to assertion-level risk.
This workflow supports audit planning, risk assessment, investigation, and documentation by helping users understand which assertions may require additional attention and why.
How assertion risk scoring works
The Audit assertion risk dashboard produces separate scores for each account/assertion pair.
For example:
- Revenue | Occurrence
- Revenue | Completeness
- Revenue | Accuracy
Each assertion score represents a different dimension of potential misstatement risk and is evaluated independently.
Different assertions may indicate different types of risk. For example:
- Occurrence is generally associated with overstatement risk
- Completeness is generally associated with understatement risk
A high score for one assertion does not automatically mean the entire account should be considered high risk.
Users can investigate assertion-level scores to better understand:
- which assertions may require additional attention
- what transaction patterns contributed to the score
- which entries are driving elevated risk
To learn more about configuring assertion-level scoring workflows, see Configure audit assertion risk scoring.
How assertion risk scores are calculated
- Transactions and entries contribute to an assertion risk score through demerit points.
- Demerit points are generated when a transaction or entry is flagged by a control point algorithm.
- For each account/assertion pair, demerit points are accumulated across the applicable control point ensemble. The final assertion risk score is calculated by comparing the average demerit points per entry against the maximum possible demerit points per entry.
Go to the Audit assertion risk tab
- Select the icon in the MindBridge sidebar.
You will go to the Organizations page. 2. Select View in line with the desired organization, or click anywhere in the organization row.
You will go to the Engagements page. 3. Select View in line with the desired engagement, or click anywhere in the engagement row.
You will go to the Data page. 4. Select View Analysis on the desired analysis.
You will go to the Analyze page. 5. Select the Audit assertion risk tab.
Tip: If you are already in an analysis, use the sidebar ( ) to open the Analyze menu ( ), then select the name of the analysis you want to see and go to the Audit assertion risk tab.
Account risk by assertion table
The Account risk by assertion table displays assertion-level risk scores across financial statement accounts.
Users can review assertion-specific risk across account groups and investigate the transaction activity, control points, and scoring drivers contributing to elevated risk results.
Note: Individual risk scores within each risk group can be enabled and disabled via the library settings. This table will only display risk scores that are enabled.
| Column header | Meaning |
| Account | Financial statement level accounts. Only “Level 3” accounts in the chart of account hierarchy are scored on this dashboard. |
| # of entries | The number of entries within each account level. |
| Activity | Net monetary activity for each account level in the current analysis period. |
| Existence/Occurrence score | The average risk percentage of the: - Existence Score for assets and liabilities and equity accounts - Occurrence Score for profit and loss accounts |
| Rights and Obligations score | Displays the average risk percentage of the Rights & Obligations score for assets and liabilities and equity accounts. Profit and loss accounts display as N/A, as there are no Rights and Obligations scores for those accounts. |
| Completeness score | The average risk percentage of the Completeness score for assets, liabilities and equity, and profit and loss accounts. |
| Valuation/Accuracy score | The average risk percentage of the: - Valuation score for assets and liabilities and equity accounts, - Accuracy score for profit and loss accounts. |
| Presentation/Classification score | The average risk percentage of the: - Presentation score for assets and liabilities and equity accounts, - Classification score for profit and loss accounts. |
| Cut-off score | Displays the average risk percentage of the Cut-off score for profit and loss accounts. Asset and liabilities and equity accounts display as N/A, as there are no Cut-off score for those accounts. |
Filter
- Select filters from the Account type, Net activity and/or Assertion score menus.
- When you are satisfied, Apply each filter to quickly sift through ledger data and compare accounts for more insights.
Note: If you select multiple values within the same filter menu, the selections will be added together.
Export
Select the export icon in line with Account risk by assertion. The current table view and any applied filters are captured and exported as an .xlsx file.
Review risk details for an account/assertion pair
Select an assertion risk score to open the risk detail page for the account/assertion pair. The risk detail page helps users review the information behind the selected score, including:
- Entries contributing to the score;
- Control points associated with the account/assertion pair;
- Demerit point breakdown;
- Demerit point distribution by number of entries or amount;
- Transaction patterns contributing to the score.
Use this page to understand why the score was generated and whether the underlying activity supports further review.
Review demerit point breakdown
The demerit point breakdown shows how low-, medium-, and high-risk entries contributed to the assertion risk score. Use this section to understand whether the score is driven by a broad pattern across many entries or by a smaller group of higher-risk entries. This breakdown helps explain how the score was formed and supports users in evaluating whether the result reflects a meaningful risk signal.
Review demerit point distribution
The risk detail page shows how demerit points are distributed for an account/assertion pair, either by number of entries or by amount. Use this view to identify whether the assertion risk score is driven by:
- A small concentration of entries;
- A larger population of lower-risk entries;
- Specific amounts that may require further review;
- Concentrated demerit point activity that may influence the final score.
This context is useful when evaluating whether a high or low assertion risk score reflects a meaningful risk signal or is influenced by concentration effects.
Score warning signs
Some assertion risk scores may display a warning sign when the score may require additional review before being used to support risk assessment.
Warnings may appear when there is an unusually high or low score. For example, if an assertion score is based on a low number of entries, anomaly detection may be limited and the resulting demerit points and assertion score may not fully reflect an expected risk pattern. Users are expected to carefully review whether these scores reflect a meaningful risk signal before their intended use under their specific use case methodology.
Create samples, tasks, or exports
Users can use Audit Assertion Risk results to support downstream audit work.
Depending on available permissions and workflow configuration, users may be able to:
- Create samples from assertion risk results;
- Create tasks for follow-up review;
- Export detailed information for selected account/assertion pairs.
These actions help users move from risk review to audit execution, documentation, and further analysis.
Control Point breakdown graph
The Control point breakdown graph provides visibility into the control points contributing to the selected assertion risk score.
Each bar indicates how strongly a control point contributes to increasing or decreasing the selected assertion-level risk result.
- Positive values raise the score
- Negative values lower the score
The total of these bars is the difference in assertion scores between the account under investigation and the average of the same assertion score across all accounts.
To understand why an account has a high risk score, investigate the highest positive numbers on the graph.
The graph can be interpreted as follows:
- A large positive number indicates that the control point is a major factor behind the elevated risk score in the account, and may need further investigation.
- Numbers close to 0 indicate that, at the aggregate level, there is no elevated risk in the account related to the control point.
- Negative numbers indicate that at the aggregate level, the account shows no sign of risk in the account related to the control point.