Why can’t I choose a specific FSA when identifying a risk?

If Materiality has not been calculated and FSA has not been refreshed; or no FSA is selected as material, then the Risk Dialog will not display FSA items. Only the pervasive risks will appear.

What is required in FSA (assuming 2-200 Materiality has been completed)? 

In the FSA you will need to refresh and select what is Material for each FSA group. 

It is important that the Audit Process Map is followed, especially the Engagement File Setup phase. Please click here to refer to the Audit Process Map.

The reason you can't see it is because you have not processed 2-200 Materiality and FSA. Once this is done you will be able to choose a specific FSA in the risk dialog.

 

• Related Articles

• Why can’t I choose a specific FSA when identifying a risk?

  If Materiality has not been calculated and FSA has not been refreshed; or no FSA is selected as material, then the Risk Dialog will not display FSA items. Only the pervasive risks will appear. What is required in FSA (assuming 2-200 Materiality has ...

• New area for ROUA not showing in Risk dialog for FSA section

  If you are experiencing the issue whereby the new area for Right-of-use assets is not available for selection in the risk dialog, please follow the below steps: 1. Open the FSA worksheet 2. From the 'Audit menus' select Option | Display hidden ...

• Tip Vids - FSA and 3-210

  FSA This video demonstrates how to use the FSA worksheet in the Audit System template. Please review the Audit System Process Map for further information on the engagement file setup procedures. 3-210 Risk Assessment Summary Worksheet This next video ...

• How does the Risk Assessment (2-250) worksheet work and how does it influence the engagement?

  How to use the Risk Assessment worksheet?1. You can access the risk assessment worksheet by clicking into the risk assessment report Or by clicking into the risk tab at the top on the black bar 2. The risk report and risk assessment worksheets can be ...

• What is the audit responses finalisation column in FSA used for?

  In FSA the ‘Audit responses finalisation’ column is used to identify the auditor’s response to the ‘Materiality Assessment’ column warnings. If the FSA gives an indicator in the ‘Materiality Assessment’ , the audit manager can do two things: 1. Based ...