Explain the major types of audit plans, Financial Management

Explain the major types of audit plans

Three major types of audit plans

Strategic -this the long term forward looking audit, it continually gets updated and identifies areas of audit importance.

Tactical - this  looks  at  plans  for  the  coming  year,  timetabling  resource  allocating  and identifying main audit objectives taken from the strategic plan.

Operational -detailed audit programme for every specific audit.

 

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