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Governance, Risk, Audit & Privacy · Foundational

Audit Plan

Document setting out the audits to be performed over a period, or the approach for a specific engagement.

Definition

An annual audit plan is risk-based and approved by the audit committee; an engagement-level plan defines objectives, scope, timing, resources, and approach. Plans should be flexible to respond to emerging risks.

Example

The annual plan schedules audits of identity management, backups, and vendor management.

Exam tip

The audit committee approves the annual plan; management does not.

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