ADVANTAGES AND DISADVANTAGES OF AUDIT PLANNING

Overview: Vacations normally go more smoothly when you have made good reservations and also researched your destination. Purchasing a car is simpler when you have done all your homework on the car model and also made some early inquiries to line up the financing. It...

Risks based audit plan: Definition and Breakdown

Definition: Risks based audit plan is the audit plan that audit resources and audit works are deployed and focus based on clients’ risks. This kind of planning requires the auditor to understanding the client’s nature of the business, control the environment,...

Audit Planning: Definition | Example | Explanation

Definition: Audit planning is a major part of audit works for both internal and external audits. A good audit planning will help the auditor to minimize its risks, improve audit efficiency, and meet its objective at the minimum effort. Auditors are required to prepare...