4+ Audit Strategic Plan Templates – PDF, Word


When it comes to knowing whether a company is operating in a manner that adheres to standard regulations and laws, then the easiest thing to do is to conduct an audit. It should give enough information regarding what a company is doing and whether or not there are violations that need to be fixed as soon as possible. You can also read plan templates.

Internal Audit Strategic Plan Template

internal audit strategic plan template
File Format

Size: A4, US


Audit Strategic Plan Guide

File Format
  • PDF

Size: 208 KB


Sample Audit Strategic Plan

File Format
  • PDF

Size: 385 KB


However, it’s not always easy to conduct an audit as there are different ways that you can go about in doing one. Which is why this article is going to teach you how to come up with an audit strategic plan:

Internal Audit Strategic Plan

File Format
  • PDF

Size: 614 KB


How to Make an Audit Strategic Plan

If you don’t really know how you should go about in conducting an audit and making a sample report, then it’s always best that you come up with a strategic plan. The point of having the plan is so that it can outline everything from how the audit should be done and what objectives need to met.

With that being said, here are the steps that will allow you to come up with a proper audit strategic plan:

1. Know the Different Types of Audits

Before you even begin coming up with the sample plan, you have to realize that there are many different types of audit that you could do. An audit is considered an official examination to verify that proper policies and procedures were followed. What this basically means is that the audit can come in many different forms. So here are a a few examples of the ones that you can decide to do:

  • Financial Audit – This is the type of audit that’s commonly known by many auditors due to the simple fact that these are usually the types that are almost always done. A financial audit is a systematic review of an organization’s financial reporting to ensure that it conforms with the GAAP (generally accepted accounting principles) standards. The information that you get from this audit will definitely prove useful when trying to prove that a particular company is properly handling its financial statements and reporting, or if they’re violating the regulations in terms of how they should handle their financial reports.
  • Compliance Audit – No matter what kind of business you’re running, it’s very important that everything about it complies with the laws, regulations, and procedures that have been deemed by the government. So in order to see whether a particular organization is doing so or not, a compliance audit is conducted. Take note that the entire point of this type of audit is to make sure that organizations do not violate any of the laws, procedures, or policies that they are required to follow and it can help them figure out what needs to be done in order to prevent these violations from happening.
  • Operational Audit – An operational audit is a review of an organization’s usage of resources and how they’re being used. This can be very helpful when it comes to knowing how a company should be improved or how they should better handle their resources. For those of you who are manager, the information that’s provided in this type of audit will be essential in helping you see as to whether the resources are being used in a way to help the business reach its goals. You may also see strategic plan for your business.
  • Investigative Audit – This type of audit is commissioned in the event that a particular business has possibly violated the rules, regulations, or laws. Basically, it’s the type of audit that will let you know whether a business is operating in a legal manner or not. The information that you gain from the other audits will prove to be very useful as they may have something that can either prove or disprove the violation claims on a particular organization. You may also see IT strategy plan templates.

2. See to the Areas that You’re Focusing the Audit on

Once you’ve understood the type of audit that you’re going to do, then the next step is for you to figure out how you should go about in looking into the particular area of the business that you should be auditing. You may also see college strategic plans.

Try to get as much information as you can as you’re going to need it for your report. Gather as many documents needed as you’ll be using those to base your report on. Make sure that whatever information that you’ve managed to obtain is nothing but accurate as you don’t want to use information that you can’t rely on. That will just make the person who will be going through your report to judge your competence as an auditor. You may also see research strategic plans.

Simple Audit Strategic Plan

File Format
  • PDF

Size: 121 KB


3. Balance Out the Positives and the Negatives of Whatever You’ve Audited

Let’s say that you’re done auditing and you’re ready to come up with your report. You have to remember that you don’t just focus on the negatives when trying to see if a small business is complying with the law. It’s important that you also take note of the positives. You need to find the perfect balance of providing both the positive and the negatives as the entire purpose of an audit is to help a business. However, if it’s clear that the business has violated just about every area of their operations, then you’ll have to point those out as clearly as possible.

Another reason as to why you have to balance both the positives and the negatives is because you want a particular business to know what it has to do in order to comply with the policies, rules, and most importantly, the law. If it’s clear from the start all the other areas of an organization has complied, but there is one on the verge of not meeting certain standards, then the audit should be able to point out that specific area clearly. Remember that the sole purpose of conducting an audit isn’t to shutdown businesses, but rather to help them so that they can further improve how they operate. You may also see HR strategic plans.

4. Make your Audit Report

Let’s say that you’re done looking auditing a particular business, so the next step is for you to come up with a report. You may also see nursing strategic plans.

Remember to Follow the Purpose and Scope Methodology

You will need to answer some of the most important questions regarding how the audit was conducted. The questions you will have to answer would be the following:

1. For what reason was the audit conducted? – This is one of the most important questions that you’ll have to make sure that your report is able to answer as the readers will want to see whether the information you’ve acquired falls in line with the reason for doing the audit. So whether it’s because you have to check on how a business handles it financial reports, to prove whether a business has committed a violation, or if it’s just to see if a business is able to comply with the laws and regulations, you have to write down the reason clearly. You may also see two page strategic plans.

2. What was and was not included in the audit? – No matter what kind of audit you decide to conduct, it’s essential that you write down the different pieces of information that you managed to include, as well as the different pieces of information that you excluded from the report. The purpose of both is so that the reader can tell whether you’ve done the audit competently and in line with standards. So make sure to point all of them out by listing each and every single one of them into the report. You may also see strategic sales plans.

3. What were the positives and negatives? – You need to balance out both when writing them down. The main purpose of making the report is to help a business improve and comply with government standards, not to shut them down. You may also see business strategic plans.

4. What were the audit objectives? – This is where you will have to point out what the audit is trying to achieve. This will depend entirely on the type of audit that you’ve conducted so make sure that you’re clear on what that is. Write down all of the objectives into the basic business plan and be sure that they’re all explained thoroughly.

5. What standards are you following? – It’s important that you point this out as again, your clients just want to make sure that the report was done competently. It’s best that you follow the government standards when conducting the audit and that you write that down in the report. You can also read legal strategic plan templates.

Once you’re done writing all of the information into that you need into the report, then all you have to do next is to create the executive summary. Readers will definitely appreciate the summary as they can easily get the gist of the report without having to go through all of the pages. Just remember that this section should still contain important information but it just shouldn’t be too detailed.

If you would like to learn about the other types of sample strategic plans that you can come up with, then all you have to do is go through our site. It has many different articles that you can use to help you with whatever you need. The only thing that you have to do is read these articles thoroughly so that you can make effective use out of whatever information it provides.

You may also like


Read More Articles about

BusinessPlan Templates