Client Acceptance Continuance Risk Screening Checklist
Screen caller-supplied client-acceptance risk ratings against a selected threshold and report the average and number of ratings at or above it.
Description
Client acceptance screening can summarize caller-assigned risk ratings against an explicit review threshold.
Client acceptance screening can summarize caller-assigned risk ratings against an explicit review threshold.1
This tool counts threshold breaches and averages the ratings without deciding whether to accept a client.
When to use Client Acceptance Continuance Risk Screening Checklist
Use this tool to count threshold breaches and averages the ratings without deciding whether to accept a client.
How to use Client Acceptance Continuance Risk Screening Checklist and how it works
- Establish the observations, units, reference context and assumptions described below.
- Enter acceptanceThreshold, riskRatings and run the tool.
- Read averageRating, highRiskCount, screenFailed, totalRisks using the meanings and sign conventions below.
- Correct any rejected inputs and rerun; independently review the result under the stated scope.
| Input field | Meaning | Value type | Requirement |
|---|---|---|---|
| acceptanceThreshold | Finite caller review threshold from 1 to 5 inclusive; equality counts as a breach. | number | Required; finite; minimum 1; maximum 5; branch conditions below |
| riskRatings | Nonempty finite ratings from 1 to 5 inclusive; fractional ratings accepted. | array of number | Required; branch conditions below |
Supply a nonempty array of finite risk ratings and a finite acceptance threshold, all from one through five inclusive. Fractional ratings and thresholds are accepted. Return mean rating, count of ratings>=threshold, total risk count and screenFailed=true whenever any rating meets the threshold. No rating, risk weight or actual acceptance decision is established.
mean=sum(ratings)/count; highRiskCount=count(rating>=threshold); screenFailed=(highRiskCount>0) Use the stated ordering, units and branch conditions.
| Output field | Meaning | Value type |
|---|---|---|
| averageRating | Average Rating, using the scope, ordering and rule explained above. | number |
| highRiskCount | Number of ratings at or above the supplied acceptance threshold. | number |
| screenFailed | True when at least one rating meets or exceeds the caller review threshold. | boolean |
| totalRisks | Total Risks, using the scope, ordering and rule explained above. | number |
{
"input": {
"acceptanceThreshold": 4,
"riskRatings": [
5,
4,
2,
1
]
},
"output": {
"averageRating": 3,
"highRiskCount": 2,
"screenFailed": true,
"totalRisks": 4
}
}Limitations and assumptions
The result summarizes supplied audit observations under the stated arithmetic or checklist rule. It does not inspect underlying documents, select sufficient audit evidence, make a professional assurance judgment or establish regulatory compliance. Empty or all-true input can describe only the recorded assertions.
Supply explicit values and dense aligned arrays. Unexpected fields, wrong types and nonfinite scalar values are rejected; fixed-token, alignment and other branch conditions are explained above. A successful false flag, empty match list or unknown-evidence list differs from an input error. Extremely large inputs or nonrepresentable results may fail.
Alternative or Complementary methods
Use Audit Committee Financial Expert Designation Criteria Lookup for a related operation: Experience and understanding criteria can be recorded as separate governance observations.
Use Audit Team Industry Expertise Specialist Use Checker for a related operation: An audit team's recorded industry labels can be compared with an engagement's stated expertise requirement.
References
Similar or alternative tools
- Audit Committee Financial Expert Designation Criteria Lookup
Experience and understanding criteria can be recorded as separate governance observations.
- Audit Team Industry Expertise Specialist Use Checker
An audit team's recorded industry labels can be compared with an engagement's stated expertise requirement.