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https://www.cabq.gov/audit/internal-audit/what-we-do/how-is-the-annual-audit-plan-developed#:~:text=The%20FY2020%20Proposed%20Budget%20includes%20funding%20for%20the,the%20average%20of%20hours%20spent%20on%20previous%20audits.
https://theauditlibrary.com/2018/12/10/planning/
The Audit Plan Template also creates department metrics in real time. Here is a post I wrote about the meaning and purpose of audit metrics, which explores these concepts in much more detail. If you are just here to learn about budgeting, I also …
https://www.auditnet.org/audit_programs/budget-hours-spreadsheet
Audit programs, audit resources, Internal Audit - AuditNet is the global resource for auditors. AuditNet has templates for audit work programs, ICQ's, workpapers, checklists, monographs for setting up an audit function, sample audit working papers, workpapers and a Library of solutions for auditors including Training without Travel Webinars.
https://dl.theiia.org/AECPublic/Tone-at-the-Top-December-2018.pdf
audit budget, there is a process that audit committees, executive management, and the audit department can use to determine whether the internal audit budget is appropriate for the organization. By following these steps, all can be assured that the internal audit budget will likely be a good fit every time. 1. Define the Audit Universe
https://www.journalofaccountancy.com/issues/2000/sep/bestpracticesforauditefficiency.html
Firms averaged 125 hours per NPO audit, with the breakdown shown at right. The percentage of time spent in planning varied from 2% to 25%. For a new client, firms averaged 14 extra hours per audit, spent mainly in planning but also some in the field and some in generating the final report. 3.
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