Generating an Audit Proposal and Audit Plan Proposal 
You use this procedure to generate an audit proposal and an audit plan proposal from an Audit Risk Rating (ARR).
Prerequisites
You have completed the following:
You have verified that your audit universe has been defined
See Audit Universe and Creating an Auditable Entity for more information.
You have confirmed your authorization for generating and maintaining audit proposals and audit plan proposals
See Internal Audit Management Roles for more information.
You have confirmed the status of the ARR is Released
See Performing an Audit Risk Rating for more information.
Procedure
To create an audit proposal and audit plan proposal from an ARR:
See and perform steps 1 through 5 described in Performing an Audit Risk Rating.
Return to the General tab and select Released from the Status dropdown menu.
Select the Audit Plan Proposal tab to enter information for your generated audit plan proposal.
Enter the following information under the Audit Plan Proposal tab:
Name
The audit plan proposal name:
must be unique and cannot be the same as the audit proposal name
cannot exceed 20 characters
cannot be changed or modified once the audit plan proposal has been saved
Description
A brief description of your audit plan proposal.
Available Hours
The hours available for implementation of the audit plan proposal.
Valid From
The date when the audit plan proposal can be used.
Valid To
The date when the audit plan proposal expires.
The Valid to must be greater than or equal to than the Valid from date.
Responsible Person
The person responsible for the audit plan proposal generation. This field is grayed out and cannot be changed.
Enter the following information under the Audit Proposal tab:
Minimum Risk Score
Enter the value or select Get Default.
Use Get Default to obtain auditable entity data which satisfy the minimum risk score selection criteria.
If you select Get Default, the following values are displayed in table format:
Audit Proposal Name
The audit proposal name must be unique and differ from the audit proposal plan name.
The audit proposal name cannot exceed 20 characters.
Auditable Entity
The auditable entity included in your audit proposal.
The following fields are displayed but cannot be edited:
Average Risk Score
The total risk score defined for the auditable entity.
Risk Level
The level of risk for that you have defined for the auditable entity.
This value is supplied by Customizing activities in Risk Management under Maintain Risk and Opportunity Analysis.
Risk Priority
The level of importance you have defined for the auditable entity.
This value is supplied by Customizing activities in Risk Management under Maintain Risk and Opportunity Analysis.
Planned Start Date
The start date for the audit proposal.
Planned End Date
The end date for the audit proposal.
NoteThe Planned Start Date and Planned End Date dates must coincide with the Valid From and Valid To dates of the audit plan proposal.
End of the note.Responsible Person
The person responsible for the audit proposal.
Estimated Hours
The estimated duration in hours for your audit proposal.
NoteYou can Append, Insert, or Delete the rows to change your entries.
End of the note.
Select Submit to generate the audit plan proposal and audit proposal from your ARR.