{
  "docId": "019dd923-5ca1-7489-b636-d0883166ba72",
  "docSlug": "5a26b82a815bb359",
  "documentTitle": "Scottish Fiscal Commission Audit",
  "authorId": "Deloitte",
  "authorName": "Deloitte",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.333,
  "pageNumber": 10,
  "pageCount": 43,
  "prevPage": 9,
  "nextPage": 11,
  "slideType": "risk_register",
  "function": "diagnose",
  "density": "overcrowded",
  "nDataPoints": 0,
  "notes": "This is a standard audit risk disclosure slide from a Deloitte report.",
  "elementsJson": [
    "paragraph",
    "numbered_list",
    "callout_box"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5ca1-7489-b636-d0883166ba72/10",
  "deckHref": "/decks/019dd923-5ca1-7489-b636-d0883166ba72",
  "deckJsonHref": "/decks/019dd923-5ca1-7489-b636-d0883166ba72.json",
  "deckAnchorHref": "/decks/019dd923-5ca1-7489-b636-d0883166ba72#slide-10",
  "components": [
    {
      "bbox": {
        "h": 0.12,
        "w": 0.42,
        "x": 0.51,
        "y": 0.78
      },
      "kind": "callout",
      "text": "Deloitte view: We have not identified any instances of management override of controls from our testing to date.",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "786ba8f1-9884-4574-b2ea-8bdbfe151508",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "callout",
      "text": "We have not identified any instances of management override of controls from our testing to date.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd951-ba8d-77da-997d-1d60670da5ad",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.42,
        "x": 0.04,
        "y": 0.55
      },
      "kind": "list",
      "text": "Journals: We have tested the appropriateness of journal entries recorded in the general ledger and other adjustments made in the preparation of the Annual Report and Accounts.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6d16f572-ea41-4bb8-9783-472139659f5e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.42,
        "x": 0.51,
        "y": 0.26
      },
      "kind": "paragraph",
      "text": "Significant and unusual transactions: We did not identify any significant transactions outside the normal course of business or any transactions where the business rationale was not clear.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4b81b791-171e-4a08-a1b5-3b3ae2aece16",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.42,
        "x": 0.04,
        "y": 0.45
      },
      "kind": "paragraph",
      "text": "Deloitte response and challenge: In considering the risk of management override, we have performed the following audit procedures that directly address this risk:",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "71aa9259-8eb7-4e00-a075-ab7015f63a6d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.42,
        "x": 0.51,
        "y": 0.16
      },
      "kind": "paragraph",
      "text": "Accounting estimates and judgements: SFC did not have any accounting estimates or judgements.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7888c212-71c4-4097-8086-285cee7ab16d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.42,
        "x": 0.04,
        "y": 0.16
      },
      "kind": "paragraph",
      "text": "Risk identified: Management is in a unique position to perpetrate fraud because of their ability to manipulate accounting records and prepare fraudulent financial statements by overriding controls that otherwise appear to be operating effectively.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bc79078f-e06e-4f2a-9526-1e0d50dd145a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.42,
        "x": 0.04,
        "y": 0.32
      },
      "kind": "paragraph",
      "text": "Although management is responsible for safeguarding the assets of the entity, we planned our audit so that we had a reasonable expectation of detecting material misstatements to the Annual Report and Accounts and accounting records.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "be1fa10e-12c0-4f8f-9681-89ea48312710",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.4,
        "x": 0.04,
        "y": 0.05
      },
      "kind": "title",
      "text": "2.3.2 Significant risks (continued)",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ddee19b0-bd29-4e3a-8f33-2e46deea49ef",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.3,
        "x": 0.04,
        "y": 0.1
      },
      "kind": "title",
      "text": "Management override of controls",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d74c51ae-3dfa-401f-aef5-aeb382e6f471",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 12,
      "from": 7,
      "beatId": "795dafeb-d8ed-4ae7-8d63-a4d751a8d314",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Problem & Complication",
      "beatSlug": "consultants-gambit-problem-complication",
      "evidence": "The document highlights significant risks and findings.",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [
    {
      "to": 12,
      "from": 10,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "7d4b33fa-95ec-483c-bf4e-b36a27827857",
      "evidence": "The document emphasizes the importance of addressing the significant risks.",
      "position": 0,
      "objective": "Highlighting the risks of not addressing the significant findings.",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}