• Prof. LAXMAN.T

Accountants (AICPA) Professional Standards uses "consider" when the member is required to think about various matters, whereas "evaluate" is used when the member is to asses and weigh the importance of the matter. "Determine" is used when a member is to arrive at a conclusion and make a decision. An internal audit plan is a document defining the scope, coverage and resources, including time required for an internal audit over a defined period. The internal auditor, in consultation with those charged with governance, including the audit committee, develop and document a plan for each internal audit engagement, to conduct the engagement in an efficient and timely manner. In case the entire internal audit or the particular internal audit engagement

nd ever since its inception it has continued to attract the attention to attra

"A Review of Basic Principles of Internal Audit", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 6, page no.f832-f837, June-2021, Available :http://www.jetir.org/papers/JETIR2106817.pdf

"A Review of Basic Principles of Internal Audit", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 6, page no. ppf832-f837, June-2021, Available at : http://www.jetir.org/papers/JETIR2106817.pdf