Planning is essential before heading on to the actual performance of that plan. Just like in a marketing plan, it is important to think about the process to have full knowledge on what to do when something comes up. Planning is just preparing one’s self from possibilities that may arise.

Internal Audit Strategic Plan Example

Audit Plan Gantt Chart Template

HACCP Audit Plan Template

Security Audit Plan Template

Audit Compliance Plan Template

Audit Work Plan Template Example

Smart Audit Action Plan Template

Audit Corrective Action Plan Template

Audit Plan Template Example

Compliance Audit Plan Template

Annual Audit Plan Template Example

Communication Audit Plan Template

Safety Audit Plan Template Example

Food Safety Audit Plan Template

Sample HACCP Audit Plan Template

Audit Remediation Plan Template

Audit Test Plan Template Example

Audit Project Plan Template Example

Audit Action Plan Template Example

Audit Strategic Plan Template Example

Internal Audit Plan Sample

External Audit Plan

In a business, planning means everything. It keeps businesses prepared and resilient to any challenge. Financial plan is important as well but what is crucial for startup business is to have an audit plan that would help make sure that businesses are kept in a good working condition. What does an audit plan mean?

Approved Audit Plan Example

Basic Audit Plan

What Is an Audit Plan?

You may hear a lot from people about the word audit. When he hear it, we then think about a company’s performance being investigated. That’s what we think, but what is an audit plan?

It is part of a small business operation to have audit processes to make sure that important areas are given attention and problems would be identified and fix before it starts to complicate. An audit plan is a procedure how an audit process should be carried out or how it should be conducted and when is the best time to perform it.

Building an Audit Plan

Audit plans are vital for a business operation.

Audit is the highest assurance that companies are running a business that are illegal. To build an audit plan, the first thing to do is to assess risks that may be a threat to achieving smart goals. Accounting policies must be checked and areas that would be complex should be given high audit consideration.

Audit plan must include internal control as well as thorough test to check the effectiveness of management control plan procedures. After plans are made, it is always good to review the whole plan to avoid errors.

Annual Audit Plan

Performance Audit Sample Plan

Audit Plan Example

Risk Based Audit Plan Example

How Audit Plan Differs from Audit Program

When there is an audit plan, there is also what we call an audit program. Hearing both of those terms, we can say that they are basically the same. But they are not.

What is the difference between an audit plan and an audit program then?

Let’s take them one by one.

• An audit plan is specific free outline made by the auditor containing the strategy of how an audit process is to be carried out or performed.
• On the other hand, an audit program is a set of procedure that is applied when making the audit to acquire evidence and information.

Why Is an Audit Plan Important?

Audit is a vital aspect in the simple business plan operation.

Aside from it being required by the Securities and Exchange Commission, the audit plan is important to have an overall strategy of the audit. Through this it would be easy to develop audit program and help in reducing the risk of not being able to carry out the objectives of the audit.

It is important to have an audit plan because this would ensure the effectiveness of the audit procedure and its accordance to the auditing standards.