AUDIT PLAN
Date: 20XX.XX.XX
To,
Client’s Name
Address
We are pleased to confirm and communicate our audit plan for the statutory audit of Client’s
Name.
1. Audit Team
S.N Name Designation
Mr. XYZ Prasad Senior Audit Executive
Miss ABC Devi Articled Assistant
2. Audit period
Our audit schedule is as follows:
S.N Date Team
2080.04.26 to 2080.04.32
Mr. Navaraj Adhikari & Miss Binita K. C.
3. Exit Meeting & Summary of Audit Findings
After conclusion of Audit, we will hold exit meeting with the senior management of the
organization and discuss the major audit findings we have observed during the course of the
audit. Before discussion with the senior management of the Organization; we will discuss
with the respective department heads and their staffs to discuss the audit findings we have
noted.
1. Draft Audit Report
At the end of the fieldwork, a draft audit report on findings and conclusions shall be
prepared and submitted to the appointing authority for their review, comments and
improvements.
2. Final Report
Upon completion of the audit and after one week of receipt of written corrective action plan
from management on the draft report, a final report shall be prepared and presented to the
management. Final report will comprise the overall audit opinion on the financial
statements prepared by the management. It requires to report on the standard format
prescribed by ICAN and other internal practices; which requires that whether the financial
statements prepared presents fairly, in all material respects, the financial position of the
Organization.
