Audit programs examples

The details of these programs vary, depending on whether an organization is public or private, what kind of data it handles, if it transmits or stores sensitive financial data and similar factors

Audit programs can be internal or external audits

Compliance audits are often carried out by an external auditor

An audit program is a system of audit objectives, scope, timeline, and activities that will be carried out by auditors

An audit program, also known as an audit plan, functions as a guide for conducting various types of audits in a company

Why do Audit Programs Matter? Audits evaluate the effectiveness of an organization’s internal controls

For example, the International Federation of Accountants publishes financial audit standards called the International Standards on Auditing

A standardized audit program is different from a fixed audit program, which is defined as an audit program that cannot be changed during the course of an audit