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Internal control

Add a Control

Objectives listed on a Control Activities Form consist of controls. When working on a Control Activities Form, you can add a new control to one or more objectives.
note
You access the Control Activities Form from links on the Financial Close and Reporting and General Computer Controls location forms, which are found under Control Activities on the
Navigation
 pane.
To add a control:
  1. Click the
    View Control Activities Form
     link.
  2. Select an objective.
  3. Select
    Add Control
     from the
    Insert
     menu.
    The Add Control window appears.
  4. Complete the information by describing the control, assigning a control reference number, selecting the related objectives, and specifying assertions.
  5. In the
    Select the Related Objectives
     scroll box, click the
    +
     symbols to drill down to the Objectives level.
    The objective you highlighted before opening the
    Add Control
     window is already selected.
    You can assign the new control to any objective listed on the Control Activities Form for any audit area, Financial Close and Reporting, and General Computer Controls.
  6. Select or clear check boxes to indicate your choices.
    note
    If using
    PPC’s Guide to PCAOB Audits
    , the assertions presented come from section AU 326 of the PCAOB interim auditing standards rather than from SAS No. 106, Audit Evidence.
  7. In the
    Indicate Assertions for which the Control Provides Assurance
     scroll box, select or clear the applicable check boxes.
  8. Click
    OK
     to add the control.