Overview

Effective Internal Audit Planning is the foundation of a value-driven audit function. A well-structured plan ensures that internal audit resources are focused on high-risk areas, aligned with strategic priorities, and responsive to emerging threats and regulatory expectations.

Our Approach

At 11Ps Consulting Group, we adopt a risk-based audit planning methodology grounded in international standards (such as IIA Standards and COSO). Our approach integrates strategic business objectives, enterprise risk assessments, regulatory landscapes, and stakeholder expectations.

Our planning process includes:

• Annual and multi-year audit planning
• Enterprise-wide risk assessment
• Audit universe development and prioritization
• Dynamic planning to adjust for evolving risks

Use Cases / Applications

• Annual audit plan development aligned with strategic risks
• Integration with Enterprise Risk Management (ERM) outputs
• Audit resource allocation and coverage mapping
• Presentation-ready planning reports for the Audit Committee

Why 11Ps?

• Expertise in risk-based internal audit planning
• Custom audit universe frameworks tailored to your sector
• Proven tools for prioritization and coverage analysis
• Experience in both public and private sector planning models