Audit Plan

The auditor must arrange to plan his audit in some details. The plan will involve preparation of a memorandum showing the following aspects:

1. The staff members who will do the audit work
2. The outline of the audit work to be done on each part of the client’s system and financial statements
3. The location of the audit work
4. The timing of the work to be done
5. A budget of the time
6. A budget of cost

The audit plan must conform to the client’s time requirements and the clients ability to produce necessary analyses and summaries