The purposes of the audit plan are, first, to contribute to the effectiveness of the audit and, second, to contribute to the audit efficiency. KnowledgeLeader has two sample audit planning memos that could help you with the planning process. They have also been popular with our subscribers and appeared in our weekly top 5 during the past 30 days. Enjoy!
This memo is structured so that planning documentation common to all projects is presented. All items should be read and considered on every project.
This memo documents an audit approach to evaluating the adequacy of the design of new controls implemented or planned to be implemented and the effectiveness of any existing controls that, based on sample testing, have consistently been in operation during the audit sample period.