Participant Material 9.

1: SRM Evaluation Criteria

Instructions: Review the evaluation criteria listed below to determine the effectiveness and completeness of the SRM prepared by
your peer. Feedback applies to Problem solving for Mental Model Shift #5.

Evaluation Criteria

Warranty provision content Feedback Check if included

1. Amounts initially recorded by management +1 Problem solving 

2. Details of warranty policy change for washing machines and dishwasher warranty policy +1 Problem solving 

3. Use of a service provider’s data to obtain cost per claim and failure rate inputs +1 Problem solving 

4. Work performed to ensure we can rely on the service provider. Specifically, noting we assessed their +1 Problem solving 
competence, capabilities and objectivity. That we concluded that testing performed by the service
auditor was sufficient. Conclusion noting our ability to rely on the data provided by the service provider.

5. Details of management’s initial calculation and the incorrect inputs or methodology adopted +1 Problem solving 

6. Details of the audit team’s inputs and methodology employed +1 Problem solving 

7. Correctly calculated warranty provision +1 Problem solving 

8. Calculated audit adjustment +1 Problem solving 

9. Whether the adjustment is recorded or unrecorded (If applicable, details of why management does not +1 Problem solving 
agree with the adjustment and/or why it is appropriate not to record the misstatement)

Unrecorded liability content Feedback Check if included

1. Amounts initially recorded by management +1 Problem solving 

2. Nature of work performed +1 Problem solving 

3. Actual liability per source documentation +1 Problem solving 

4. Calculated audit adjustment +1 Problem solving 

5. Acknowledgment that individually misstatements are below nominal amount but in aggregate exceed +1 Problem solving 
posting scope

6. Whether the adjustment is recorded or unrecorded (if applicable, details of why management does not +1 Problem solving 
agree with the adjustment and/or why it is appropriate not to record the misstatement)

7. Details of additional procedures performed and reduction of testing scope to ensure exceptions are +1 Problem solving 
isolated and there are no further unrecorded liabilities

8. Conclusion on the impact on the CRA +1 Problem solving 

Other Feedback Check if included

Structure +1 Problem solving 

The writing includes a strong, beginning, middle, and end with clear transitions and a clear conclusion.
Language +1 Problem solving 
The writer uses standard spelling and grammar.
The writer uses business and EY-specific vocabulary that is clearly appropriate for the audience and purpose.
The writer establishes and maintains a formal style and objective tone.

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