Adding audit risk assessment

You can create an audit risk assessment manually using the fields provided, using the AI assistant to help you, or a mix of the two workflows. For more information about the AI assistant, go to AI-assisted creation of audit risk assessments.

1. From the Platform home page (www.diligentoneplatform.com), select the Audit app to open it.If you are already in Diligent One, you can use the left-hand navigation menu to switch to the Audit app.

2. From the Audit risk assessment tile, select Go to Audit risk assessment.

3. On the Audit risk assessment page, select Add audit risk assessment on the top right.

4. On the Add audit risk assessment page, enter a unique name for your audit risk assessment in the Name field and select Next. If you are using the Audit Assistant, go to Suggesting an audit risk assessment name.

5. In the Auditable entities section, select the toggle beside the auditable entities that you want to include in your audit risk assessment and select Next. If you are using the Audit Assistant, go to Suggesting auditable entities to include.

   Note

   Initially, all auditable entities are excluded from your audit risk assessment. You can choose to include all or some, but you must include at least one auditable entity to proceed. You can select Include/exclude toggle on the table header to include or exclude all auditable entities from the respective page.

6. In the Assessment factors section, select the toggle beside the assessment factors that you want to include in your audit risk assessment, and select Next. If you are using the Audit Assistant, go to Suggesting assessment factors to include.

   Note

   Initially, all assessment factors are excluded from your audit risk assessment. You can choose to include all or some, but at least one assessment factor must be included to proceed.

7. In the Select rating scale section, select the rating scale and then select Finish.

   The default selection is aligned with the selection made on the Settings page.

When you finish this step, the audit risk assessment is added to the dashboard with the status as Draft.

AI-assisted creation of audit risk assessments

You can use an AI assistant to help you create new audit risk assessments. The assistant suggests assessment areas and factors based on the context of your audit, historical assessments, organization details, and industry best practices. You can refine draft content for clarity and completeness.

This helps you reduce the time you spend drafting audit risk assessments, focus more on risk analysis and professional judgment, and keep your audit risk assessment documentation consistent and well structured across your audit teams while maintaining audit standards.

Suggesting an audit risk assessment name

Suggestions provided by the AI assistant are based on previously provided audit risk assessment patterns and requests.

1. In the Audit Assistant side panel, select Suggest name.

2. In the Enter your message field, enter the basic information for the audit risk assessment and press Enter.

3. Select one of the options provided by the AI assistant.

   You do not need to select Next to proceed to the next stage. The assistant assigns the name to the new audit risk assessment and progresses to the Auditable entities step of the process.

Suggesting auditable entities to include

Suggestions provided by the AI assistant are based on previously provided audit risk assessment content, audit results, and audit findings. Suggested auditable entities to include are shown with an AI icon beside the Included label. These are removed if you manually alter the suggestion to include or exclude.

1. In the Audit Assistant side panel, select one of the following options:

   • Suggest auditable entities The AI assistant selects a number of suggested auditables entities.

   • Use my criteria In the Enter your message field, enter the criteria to use when including auditable entities, such as location or date range, and press Enter.

2. Optional: Select Adjust list and enter additional or different criteria to use.

3. Select Suggest assessment factors.

   You do not need to select Next to proceed to the next stage. The assistant includes the selected auditable entities and progresses to the Assessment factors step of the process with some assessment factors suggested.

Suggesting assessment factors to include

Suggestions provided by the AI assistant are based on previously provided audit risk assessment content and Institute of Internal Auditors (IIA) best practices.

1. In the Audit Assistant side panel, select one of the following options:

   • Add suggested assessment factors The AI assistant selects a number of suggested assessment factors.

   • Adjust list Select and enter additional or different criteria for the AI assistant to use to select assessment factors.

2. Review the included assessment factors.

3. Optional: Select Add assessment factor, enter a unique and valid name, and then select Add assessment factor to add any additional factors needed to include.

4. Select Go to rating scale to include the selected assessment factors.

   You do not need to select Next to proceed to the next stage. The AI assistant includes the selected assessment factors and progresses to the Scales step of the process.