What is containment plan in audit report?

A containment plan in an audit report outlines the immediate actions taken to address and mitigate identified issues or risks within an organization. It aims to prevent further damage or non-compliance while a more comprehensive solution is developed. This plan typically includes specific steps, responsible parties, timelines, and mechanisms for monitoring progress. Ultimately, it serves to protect the organization's assets and ensure compliance with regulations or standards until a full resolution is achieved.