The cost of implementation and support can easily exceed the cost of the product itself
Audit planning is an essential component of the audit and is typically done at the start of the audit process to make sure that crucial areas are given the correct attention, potential issues are quickly detected, work is finished quickly, and work is appropriately coordinated.
Creating a broad strategy and a specific plan for the anticipated nature, time, and scope of the audit is referred to as "audit planning." The auditor intends to carry out the audit quickly and effectively. The precise procedure to be followed while performing an audit is outlined in an audit plan. It aids in the auditor's acquisition of sufficient, pertinent evidence for the situation, aids in maintaining audit expenses at a manageable level, and aids in preventing misunderstandings with the client.
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