Drawing up an Internal Audit Plan

In this book you'll discover that the internal audit plan is a very important document for guaranteeing the effectiveness of your company's internal audit. The internal audit plan is based on a reliable process for identifying analyzing and assessing risks. For this reason it is based on the risk mapping of the risk management system on management's view of the company's risks on the analytical review of expenses and on the analysis of business activity profitability and financial position. The follow-up of audit recommendations also enables risks for which action plans to implement audit recommendations have not been implemented to be incorporated into the internal audit plan. This methodological approach is a guarantee of performance for your company's internal audit team.