A planned approach to gather evidence taking into account assessed risks,is called an
A)audit approach.
B)audit plan.
C)audit program.
D)audit strategy.

Question

Quizplus · Accepted Answer

An audit strategy refers to the overall approach or plan adopted by auditors to gather evidence taking into account assessed risks. Therefore, option D is the best choice. Option A refers to the specific techniques or methods used to obtain audit evidence, while option B refers to the overall outline of the audit, and option C refers to the detailed procedures or steps to be followed in the audit.

A Planned Approach to Gather Evidence Taking into Account Assessed