What is the scope of an audit?
An example of an AI chatbot conversation about defining the scope of an audit.
What is the scope of an audit?
The scope of an audit defines the boundaries and extent of the audit process, including what will be examined.
What factors determine the audit scope?
Factors include the objectives of the audit, regulatory requirements, and the specific areas of risk identified.
Can the audit scope change during the process?
Yes, the audit scope can change if new risks are identified or if there are changes in regulations or business operations.
How do you document the audit scope?
The audit scope is typically documented in the audit plan, which outlines the objectives, areas to be audited, and resources needed.
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