An audit plan enables you to plan all your audit engagements in a systematic and logical
manner.
An audit engagement is like a project which involves multiple tasks and it is difficult to
manage all audit activities without planning well. Having a well-defined plan with all the
audits, their projects, and costs helps audit managers to perform their tasks efficiently.
Audit plan uses and benefits
An audit team conducts multiple audits in an organization. Creating an audit plan enables the
audit teams to plan their audits and engagements better. By creating an audit plan, the auditor
directors or audit leads with the role sn_audit.manager can:
- Plan engagements effectively and ensure that the goals set in the annual internal audit
plan are accomplished.
- Help the auditor obtain appropriate evidence for the circumstances.
- Keep audit costs at a reasonable level.
- Ensure that potential problems are promptly identified
- Get the scope of the audit program determined by an auditor to perform the audit tasks in a
well-defined manner.
Audit planning workflow
- Defining the purpose of the audit
- Risk assessment
- Audit scoping
- High-level audit schedule and detailed audit timeline with milestones
- Resource planning by necessary skills and building audit team
- Cost planning
When you create an audit plan with advanced planning capabilities and add engagements to the
plan, and move the engagement to either
Validate or
Fieldwork state, an associated engagement project is automatically
generated.
Note: A project is only created if the PPM Standard plugin is installed and the user
has the it_project_manager role. If the user does not have the it_project_manager role and has
only the sn_audit.manager role, even when advanced planning capabilities are enabled on the
plan, the engagements do not have corresponding projects when they move into
Validate or Fieldwork states.
After you add engagements to an audit plan, you also have the flexibility to change the parent
plan of the engagements. It is important to note the following points:
- Engagements can be either added or removed from a plan only when the plan is in
Draft, Awaiting Approval, and
Approved states.
- The parent plan can only be changed on an engagement when the engagement is in
Scope, Validate and,
Fieldwork states.
