ENGAGEMENT ACCEPTANCE AND RISK CLASSIFICATION

As part of the engagement acceptance and continuance process, the Engagement Team should determine the risk classification relating to each engagement. The engagement risk is classified in one of the following categories: Normal risk Greater-than-normal risk Much-greater-than-normal risk

Client Name Year end Client code Partner Manager

Risk Classification Table

Engagement Risk Classification Final Engagement Risk Classification Normal

Please identified risk situations from the drop down list below

*Double Click on the table to open the spread sheet

ENGAGEMENT ACCEPTANCE AND RISK CLASSIFICATION

Please document any additional risks not included above:

Risks
1) 2) 3) 4)

Classification

ENGAGEMENT RISK MITIGATION PLAN In connection with considering acceptance of engagements, the engagement team should develop and document an appropriate risk mitigation plan. The risk mitigation plan does not change the original engagement risk assessment; rather, it is a proactive response to managing the risks identified. The key risks identified above should be summarized below along with details of planned responses to mitigate and manage those risks.

No.

Key Risks Identified

Mitigation Strategy