What is audit objective in SAP GRC-AUD - SAP Audit Management?

SAP Term: audit objective

• Component: GRC-AUD

• Component Name: SAP Audit Management

• Description: Broad statements developed by internal auditors that define intended engagement accomplishments.

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• Key Concepts: 
  Audit objectives are the goals and objectives of an audit. They are the basis for the audit plan and provide a framework for the audit team to follow. The objectives should be specific, measurable, achievable, relevant, and time-bound (SMART). The objectives should also be aligned with the organization’s overall goals and objectives.
  
  How to use it: 
  In SAP Audit Management, audit objectives are used to define the scope of an audit. They are used to determine which areas of the organization need to be audited and what type of audit should be conducted. The audit objectives should be documented in the audit plan and communicated to all stakeholders.
  
  Tips & Tricks: 
  When setting audit objectives, it is important to ensure that they are SMART. This will help ensure that the objectives are achievable and that the audit team is able to complete the audit in a timely manner. It is also important to ensure that the objectives are aligned with the organization’s overall goals and objectives.
  
  Related Information: 
  SAP Audit Management provides a comprehensive set of tools for managing audits. It includes features such as risk assessment, audit planning, document management, reporting, and more. It also provides guidance on setting audit objectives and best practices for conducting audits.