Final answer:
PM stands for Project Management in the context of auditing. It involves planning, organizing, and controlling a project to ensure its successful completion.
Step-by-step explanation:
PM stands for Project Management.
In the context of auditing, PM refers to the process of planning, organizing, and controlling a project to ensure its successful completion.
Project management involves creating a schedule, setting goals, assigning tasks to team members, and monitoring the progress of the project.
It helps ensure that the project is completed on time, within budget, and meets the desired objectives.
For example, in an audit, the PM would outline the scope of the audit, assign auditors to specific tasks, manage the timeline, and oversee the overall progress of the audit.