Audit planning overview

Audit planning outlines the scope, objectives, and procedures for an audit. It serves as a roadmap for the audit process, ensuring that all necessary areas are covered and that the audit is conducted efficiently and effectively.

The audit plan enables you to dynamically manage audits addressing multiple regions, selected business units, processes, and capacity demands.

Workflow

To get an understanding of the workflow of the Audit planning section, see the workflow diagram and table below.

Audit planning workflow diagram

Status Description
Draft The plan has been created. The Head of Audit fills in mandatory fields (period, budgeted hours) and scopes in at least one audit.
Pending approval The plan has been proposed or submitted and is waiting for approval from the Audit committee or Board.
Approved The plan has been approved and is ready to be launched within its allocated period.
In progress The plan has been launched. Its audits are being executed.
Closed All audits in the plan are closed and the plan is closed.

Connections

To get an understanding of the connections between the audit planning functions, objects, and other sections of the app, see the diagram below.

Note

Lines between functions, objects, and app sections indicate the type of connection:

  • A solid black line indicates a general direct connection.

  • A solid red line indicates a connection through the Object library section.

  • A dashed line between Audits and prioritized Auditable entities indicates that it is not mandatory to have entities prioritized, but it is recommended.

Diagram of the connections between objects, app sections, and functions in the Audit planning section of the app

Key features

Here are the key features of audit planning:

  • Audit planning Transform audit risk assessments into actionable audit plans, which includes features for scheduling audits and defining audit high-level scopes.

  • Timeline and scope management Generate audits from linked audit risk assessment, adjust timelines, and manage scope.

  • Feedback and revision Propose audit plans for revision, export necessary materials, and handle feedback from audit committees.