An audit is considered a risk assessment, therefore these terms are interchangeable.

And audit plan can have various meanings, some consider this to be an annual audit plan which includes all the audits that will occur within a companies calendar year. Others consider this to be the plan for undertaking a specific audit. Its all in how you define the words, audit plan, audit schedule, audit check list.

The audit procedure for letter of credit ensures the compliance of sanctions and post sanction procedures.

Once a Week.

what is the differences between IS Audit and traditional Audit?

3rd Party Audit - Independent Audit

2nd Party Audit- Customer Audit

1st Party Audit- Internal Audit