Risk-Based Internal Audit Plan Template
Submit key information to develop and prioritize your internal audit plan based on risk assessment.
Organization/Unit Name
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Audit Period (e.g., 2026 Q1-Q4)
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Audit Plan Owner (Full Name)
*
First Name
Last Name
Audit Objectives
*
List and assess key risk areas for this audit period. Rate the likelihood and impact for each area.
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Rows
Risk Area
Likelihood (1=Low, 5=High)
Impact (1=Low, 5=High)
Risk Area 1
Risk Area 2
Risk Area 3
Risk Area 4
Risk Area 5
Prioritize audit areas based on risk assessment.
Select the audit scope for this period.
*
Operational Processes
Financial Controls
Compliance Areas
IT Systems
Other (please specify)
Assign responsible auditor(s) for each priority area.
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Planned audit schedule (start and end dates for each area)
*
Allocate resources for the audit plan (e.g., staff days, budget)
Submit Audit Plan
Should be Empty: