ASA 300.05 requires the auditor to plan the audit so that the engagement will be performed in an effective manner.

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ASA 300.05 specifically states that the auditor should plan the audit to ensure that it is performed in an effective manner. This involves developing an overall strategy, determining the nature and extent of procedures to be performed and identifying potential risks and areas of concern. The objective of effective planning is to ensure that the audit is carried out efficiently, effectively and with due care.

ASA 30005 Requires the Auditor to Plan the Audit So That