Audit Program vs Audit Plan

Audit Program vs Audit Plan - verification For example The...

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Audit Program vs. Audit Plan On page 46, the text refers to an audit plan as ‘formerly’ called an audit program. This is the key difference between the audit plan and the audit program. The audit ‘plan’ is the procedures that will be used to complete the audit. For example, to verify Accounts Receivable, sending a verification letter to customers is the procedure to confirm balances. The audit ‘program’ will be the actual limits of choosing of the customers for
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Unformatted text preview: verification. For example: The program may call for only using customers who have a balance of $10,000 or more to send the verification letter. The difference can seem picky and at times, the wording of ‘plan’ and ‘program’ are used without considering the difference but it is important to recognize the difference....
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