Assessments

An assessment begins with a subject, period, organization, owner and counterparty. Those choices tell the team which trade activity is under review and who is responsible for the work. The scope statement can explain which shipment or operating period the team is examining. The planned test count gives the reviewer a target against which to inspect the completed evidence.

The Control Owner can move an assessment from draft to planned, through testing and into review. A reviewer examines the current revision before an approved outcome is recorded. If the work needs remediation, the assessment can show that state without concealing the finding. Keep the period dates intact when a later revision is made so the record still explains what was tested.

• Set the boundary. Name the legal entity, counterparty, subject and period before planning tests.
• Assign the work. Put a Control Owner on the assessment and record the planned test count.
• Submit a revision. Keep the scope statement and attachments with the revision sent for independent review.

Agree when an assessment leaves planning and enters testing, and who checks the planned test count against recorded tests. Decide how a Control Owner describes a changed scope and when the Independent Assurance Reviewer should return a revision for more evidence. Map team members to the organization before giving them access to an assessment. Rehearse a period that crosses a month end so the team agrees which tests belong in scope.

Start with an assessment for a defined period and one named counterparty. Have the Control Owner set its subject, scope, owner and planned tests, then attach the evidence used during testing. Ask the Independent Assurance Reviewer to compare the submitted revision with the test results and any open findings. Return the assessment with a reason if a planned test has no result. After the owner changes the scope, check that the earlier decision still points to its original revision. Ask the Auditor to reconstruct the decision from the assessment, tests and attachments.

• Assessment worklist — See assigned assessments moving through planning, testing and review.
• Assessment period schedule — Compare period boundaries and current status before scheduling the next review.

Before the pilot closes, compare the planned test count with the tests actually recorded. Review any assessment left in remediation alongside its open findings. This gives the reviewer a practical way to distinguish work still awaiting evidence from a case whose review is complete. Keep the parent assessment visible when opening an export review.

See the related process and the record model before agreeing the pilot.