# Risk Management

The risk assessment module highlights where your audit should focus. It uses system rules, machine learning and financial analysis to flag areas that need attention. Here you can adjust risk rules, review how items are scored and explore the dashboard showing key risks.

Risk assessment links materiality to your audit plan and guides scoping, sampling and planned procedures

### **What You Will Find in Risk Assessment**

Inside this module you will learn how to work with each part of the risk engine:

#### **1. Configure**

Edit rules, adjust thresholds, enable or disable specific risk checks and understand how each rule affects scoring.

#### **2. Machine Learning Algorithm**

A simple explanation of how the ML model identifies unusual patterns, why certain transactions are flagged and how this complements rule based risks.

#### **3. Risk Dashboard Walkthrough**

A guided view of the risk dashboard with screenshots to help you understand scores, heat maps and summaries.

#### **4. FSLI Scoring**

See how risks are aggregated at the financial statement line item level using both rules and ML insights.

#### **5. Assertion Scoring**

Understand how each assertion (occurrence, completeness and more) receives a score that contributes to scoping.

{% embed url="<https://demo.finspectors.ai/demo/cmo1a9ui9147xru18x61hxm9x?utm_source=link>" %}


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