After preparing an audit plan, the auditor allocates the work and prepares a program which contains steps that the audit team needs to follow while conducting an audit. Thus, an auditor prepares a program that contains detailed information about various steps and audit procedures to be followed by the audit.
How do you create an audit program?
We recommend you start with the following six core components of an internal audit program:
- Step 1: Established Authority. ...
- Step 2: Operational Independence. ...
- Step 3: Policies and Procedures. ...
- Step 4: Framework of Controls. ...
- Step 5: Reporting Structure. ...
- Step 6: Remediation Process. ...
- More Internal Audit Resources.
What is audit program and how should it will prepared?
Preparing an audit program
Audit program details are specific to individual organizations based on their unique needs, but audit plan preparation will consider the audit's relevant regulatory deadlines, staff requirements and reporting structure, and overall goals.
