What should be included in an audit planning memorandum?

What should be included in an audit planning memorandum? What are the contents of an audit planning memorandum? The planning memorandum is divided into four sections: Introduction / Background. Management Concerns & Issues. Administration and job set up; Risk assessment; and. Nature and Scope of Audit. What is the purpose of an audit planning memorandum? … Continue reading What should be included in an audit planning memorandum?