The planning phase involves understanding the scope, objectives, and framework for the audit.
Preliminary discussions with management set the stage for identifying critical processes and potential risk areas.
Key Actions:
Scheduling preliminary discussions ensures alignment on audit goals.
A walk-through of key processes provides insight into workflows and control mechanisms.
Alignment with CAMS-Audit Principles:
Effective planning as described in CAMS-Audit guidelines prioritizes communication and process understanding during initial audit phases.
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