AUDIT PLAN / PLANNING Definition

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AUDIT PLAN / PLANNING is developing an overall strategy for the expected conduct and scope of the audit. The nature, extent, and timing of planning varies with the size and complexity of the entity, experience with the entity, and knowledge of the entitys business.

Learn new Accounting Terms

ABNORMAL GAIN see NORMAL LOSS.

BLIND TRUST is a trust where assets are not disclosed to their owner.

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