Key vs Non-Key Control Designation Criteria Lookup
Evaluate caller-defined significant-risk, qualitative-risk, and quantitative criteria and report which criteria support key-control designation.
Description
Key-control designation can consider significant risk, qualitative factors and quantitative effect.
Key-control designation can consider significant risk, qualitative factors and quantitative effect. This screen records which entered criteria support designation.1
The returned values include Criteria met, Designate as key control. The How section below explains the calculation, input rules and interpretation.
When to use Key vs Non-Key Control Designation Criteria Lookup
Use Key vs Non-Key Control Designation Criteria Lookup when you need to evaluate the supplied records under the calculation and evidence rules below. The quantitative limit only constrains threshold; effect above limit is still accepted. No actual control effectiveness or authoritative designation is supplied.
Prepare source-backed observations and the applicable engagement policy before entering facts. Use consistent monetary units and periods. Supply all boolean evidence flags explicitly, and treat a successful screen as a reason to continue professional review.
How to use Key vs Non-Key Control Designation Criteria Lookup and understand its results
- Prepare source-backed observations and the applicable engagement policy before entering facts. Use consistent monetary units and periods. Supply all boolean evidence flags explicitly, and treat a successful screen as a reason to continue professional review.
- Enter addressesSignificantRisk, quantitativeEffect, qualitativeRisk, quantitativeLimit, quantitativeThreshold using the field table and calculation rules, then run the tool.
- Read criteriaMet, keyControl. The explanation below defines the units, signs, ordering and any flags or placeholder values.
- If the tool reports an input issue, correct the values and run it again. Apply the stated assumptions when interpreting a successfully returned result.
| Input field | Meaning | Value type; see rules below | Requirement |
|---|---|---|---|
| addressesSignificantRisk | Addresses significant risk | boolean | Required |
| quantitativeEffect | Quantitative effect | number; minimum: 0 | Required |
| qualitativeRisk | Qualitative risk | boolean | Required |
| quantitativeLimit | Quantitative upper limit | number; minimum: 0 | Required |
| quantitativeThreshold | Quantitative designation threshold | number; minimum: 0 | Required |
Require two booleans and finite nonnegative effect/threshold/limit with threshold≤limit. Add significant-risk and qualitative labels if true; add quantitative label if effect≥threshold. Return ordered criteria and any-criterion flag.
keyControl=any criterion met Units, indexing, boundary conditions and exceptional cases are defined in the calculation rules above.
| Output field | Meaning | Value type |
|---|---|---|
| criteriaMet | Criteria met | list of string |
| keyControl | Designate as key control | boolean |
{
"input": {
"addressesSignificantRisk": true,
"quantitativeEffect": 20000,
"qualitativeRisk": false,
"quantitativeLimit": 50000,
"quantitativeThreshold": 10000
},
"output": {
"criteriaMet": [
"addresses_significant_risk",
"quantitative_threshold"
],
"keyControl": true
}
}Limitations and assumptions
The quantitative limit only constrains threshold; effect above limit is still accepted. No actual control effectiveness or authoritative designation is supplied.
Numeric inputs, where present, must be finite. Follow the calculation-specific rules for overflow, underflow and exceptional cases. Missing fields without a declared default, extra fields, wrong value types and violations of the calculation rules are input errors. A successfully returned false flag is an evaluated outcome; its meaning is explained above.
Alternative or Complementary methods
Use Control Deficiency Significant Material Weakness Severity Waterfall: Control deficiency, significant deficiency and material weakness describe progressively severe entered categories. Amount alone does not assign severity. For a complementary task, use Significant Risk Fraud Factor Flag Checker: Fraud-risk factors can identify a need for further assessment. This screen also requires an entered financial-statement misstatement risk.
References
Similar or alternative tools
- Control Deficiency Significant Material Weakness Severity Waterfall
Control deficiency, significant deficiency and material weakness describe progressively severe entered categories. Amount alone does not assign severity.
- Significant Risk Fraud Factor Flag Checker
Fraud-risk factors can identify a need for further assessment. This screen also requires an entered financial-statement misstatement risk.