Audit Coverage Calculator
Test an audit plan for coverage and feasibility: annual and cycle coverage, high-risk coverage, auditor-day capacity and finding closure.
Inputs
Audit Plan Score
77.5%
High-Risk Coverage This Year
72.0%
Annual Universe Coverage
23.3%
Coverage Across the Full Cycle
70.0%
Years to Cover the Whole Universe
4.3years
Engagements the Available Days Support
35audits
Finding Closure Rate
73.8%
Capacity Verdict
Resourced — the plan fits the available auditor days with 7 engagement(s) of slack
Coverage Verdict
High-risk units are being missed: rebalance the plan towards risk rather than rotation
Step by step
Values used
Auditable units in the audit universe = 120 units; Units planned for audit this year = 28 units; Units rated high risk = 25 units; High-risk units in this year's plan = 18 units; Audit cycle length = 3 years; Auditor days available this year = 640 days; Average auditor days per engagement = 18 days; Findings currently open = 34 findings; Findings closed in the last 12 months = 96 findings
Audit Coverage
Plan score = 0.45 × high-risk coverage + 0.20 × cycle coverage + 0.20 × feasibility + 0.15 × finding closure rate, where cycle coverage = annual coverage × cycle years.
Capacity and rotation
Capacity = auditor days available ÷ average days per engagement; years to cover the universe = auditable units ÷ units audited per year.
Audit Plan Score
= 77.5
High-Risk Coverage This Year
= 72.0
Annual Universe Coverage
= 23.3
Coverage Across the Full Cycle
= 70.0
Years to Cover the Whole Universe
= 4.3 years
Engagements the Available Days Support
= 35 audits
How it works
High-risk coverage carries most of the weight because a risk-based plan is judged on whether it visits the risk, not on how much of the universe it sweeps. Feasibility is scored separately since plans are routinely written for more engagements than the available days support, and the closure rate is included because an audit function that keeps finding issues nobody closes is generating paperwork rather than assurance. Audit committees approve plans and then ask in month nine why three engagements have slipped; this shows the arithmetic in advance. The output is a planning estimate, not an assessment of audit quality.
Formulas
Audit Coverage
Plan score = 0.45 × high-risk coverage + 0.20 × cycle coverage + 0.20 × feasibility + 0.15 × finding closure rate, where cycle coverage = annual coverage × cycle years.
- high-risk coverage
- High-risk units audited ÷ high-risk units
- feasibility
- Engagements the auditor days support ÷ engagements planned
- closure rate
- Findings closed ÷ (closed + open)
Capacity and rotation
Capacity = auditor days available ÷ average days per engagement; years to cover the universe = auditable units ÷ units audited per year.
- capacity
- How many engagements the team can actually deliver
- yearsToCover
- How long a pure rotation approach takes to touch everything
Frequently Asked Questions
How is Audit Coverage calculated?
Plan score = 0.45 × high-risk coverage + 0.20 × cycle coverage + 0.20 × feasibility + 0.15 × finding closure rate, where cycle coverage = annual coverage × cycle years. High-risk coverage carries most of the weight because a risk-based plan is judged on whether it visits the risk, not on how much of the universe it sweeps. Feasibility is scored separately since plans are routinely written for more engagements than the available days support, and the closure rate is included because an audit function that keeps finding issues nobody closes is generating paperwork rather than assurance.
Why does Audit Coverage matter?
Audit committees approve plans and then ask in month nine why three engagements have slipped; this shows the arithmetic in advance. The output is a planning estimate, not an assessment of audit quality.
What values do I need to enter?
This calculator takes 9 inputs: Auditable units in the audit universe, Units planned for audit this year, Units rated high risk, High-risk units in this year's plan, Audit cycle length, Auditor days available this year, Average auditor days per engagement, Findings currently open, Findings closed in the last 12 months. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.
Should every auditable unit be audited each cycle?
No, and trying to is the classic symptom of a rotation-driven plan. Low-risk units can be covered by continuous monitoring, self-assessment or simply left alone with a documented rationale, which frees days for the high-risk units that deserve depth rather than a visit.
What if capacity is short?
Cut scope deliberately rather than by attrition. Reduce the number of engagements, shorten the low-risk ones, or ask for days — but put the choice in front of the audit committee, because the alternative is a plan that fails in month nine with no one having made a decision.
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