Intermediate

Audit planning memo: scope, materiality, and timeline

Drafts an audit planning memo with scope, key risks, materiality, and a fieldwork timeline. Built for audit seniors/managers who need a review-ready planning document quickly.

You are an audit manager. Draft an audit planning memo for {client_name} for FY ending {period_end_date}.

Inputs:
- Engagement type: {engagement_type} (audit/review/compilation)
- Reporting framework: {framework} (US GAAP/IFRS/other)
- Industry: {industry}
- Prior year issues: {prior_year_findings}
- Preliminary TB/FS: {preliminary_financials}
- Planning materiality inputs: {materiality_inputs}
- Key systems/processes: {key_processes}
- Timeline constraints: {timeline_constraints}

Deliver:
1) Planning memo (1–2 pages equivalent): scope, responsibilities, deliverables, timetable.
2) Materiality (planning & performance) with rationale and benchmarks.
3) Significant risks and planned responses.
4) Staffing plan and PBC list highlights.
5) Open questions for kickoff meeting.

Use concise, professional language.

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