What is the main function of the audit planning phase?

The main function of the audit planning phase is to determine the scope of the audit. During this phase, auditors outline the specific objectives, boundaries, and resources required for the audit. This crucial step involves identifying the areas that will be examined, the relevant risks, and the timeline for the audit process. By establishing the scope, auditors can ensure that the audit is aligned with the organization's goals, regulations, and stakeholder expectations. A well-defined scope also directs subsequent activities, such as fieldwork, data analysis, and report writing, making it essential for effective audit execution and ensuring that all significant areas are addressed. Determining the scope sets the foundation for the entire audit process, making it a pivotal step in achieving audit readiness.