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

SAP Term: audit plan

• Component: GRC-AUD

• Component Name: SAP Audit Management

• Description: A plan of audit activities to be carried out for a particular period of time. The audit plan is prepared based on the organization's risk assessment and the input of senior management and the board, to reflect the organization's goals.

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• Key Concepts: 
  An audit plan is a document that outlines the objectives, scope, and methodology of an audit. It is used to ensure that the audit is conducted in a consistent and effective manner. The audit plan also serves as a reference for the auditor to refer to during the audit process.
  
  How to use it: 
  The audit plan should be created prior to the start of the audit. It should include information such as the objectives of the audit, the scope of the audit, and the methodology that will be used. The plan should also include any relevant documents or resources that will be used during the audit process.
  
  Tips & Tricks: 
  When creating an audit plan, it is important to ensure that all relevant information is included. This includes any documents or resources that will be used during the audit process. Additionally, it is important to ensure that all stakeholders are aware of the plan and agree with its contents.
  
  Related Information: 
  The SAP Audit Management component of GRC-AUD provides tools and features to help organizations create and manage their audit plans. These tools include templates for creating an audit plan, as well as features for tracking and monitoring progress throughout the audit process.