Office of Inspector General Workplan
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.
audit plan is the most important part of audit. the auditor should arrange the activity done in audit.
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difference between audit program audit & note book
an audit program may contain several audit plans
budget
Audit planning is a procedure which is used to see and prevent potential problems. This is done at the beginning of an audit process.
The U.S. Congress adopted the Single Audit Act (SAA; Public Law 98-502) in 1984 to establish entity-wide audit requirements for state and local governments and Indian tribal governments receiving federal financial assistance.
New Federalism
It depends on the focus or intent of the audit. Typically, management retires to develop a plan to implement recommended changes and corrrect shortcomings, then commences operations on that plan.