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Gross exposure
a worst-case estimate of the magnitude of amounts or transactions exposed to the deficiency with regard to annual or interim financial statements, without regard to the upper limit deviation rate or likelihood of misstatement, and before considering complementary, redundant, or compensating controls. Factors affecting gross exposure include: (1) The annual or interim financial statement amounts or total transactions exposed to the deficiency. (2) The volume of activity in the account balance or class of transactions exposed to the deficiency that has occurred in the current annual or interim period or that is expected in future periods.
source: Framework for Evaluating Control Excepti:IIA:2004
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