Audit Plan

An audit plan is a detailed outline created by auditors before examining a company's financial records and operations. It identifies the scope of the audit, specific areas to focus on, risks to consider, and the methods to gather necessary information. The plan ensures that the audit is efficient, thorough, and addresses key issues, ultimately aiming to provide an independent assessment of the company’s financial health and compliance with laws. This structured approach helps build trust and transparency for stakeholders like investors and regulators.