Summary
This document is a guide focused on the process of planning an audit from scratch. It outlines the evolving role of Chief Audit Executives (CAEs) in aligning audit plans with organizational strategies and risks. The guide emphasizes the importance of understanding the objectives behind audit projects and the necessity of gathering relevant internal information. It discusses the value of incorporating external expertise and resources to enhance the audit program. The document also references COSO’s 2013 Internal Control – Integrated Framework as a tool for developing comprehensive audit programs. It details the steps for preparing for a planning meeting, including creating a planning questionnaire and understanding the goals of the audited process. The guide aims to assist internal auditors in improving their audit practices and ensuring that their work adds value to the organization by addressing key risks and controls effectively.
