Wilfred Dominic was meeting with his manager to plan audit strategy in order to determine the amount of time to spend testing the client's internal controls and conducting detailed testing
Of transactions and account balances. Determining the audit strategy occurs during which phase
Of the audit?

Question

Quizplus · Accepted Answer

Determining the audit strategy is a key part of the planning stage of the audit. This stage involves identifying the scope of the audit, setting objectives, assessing risks, and developing a plan to achieve the audit objectives.

Wilfred Dominic Was Meeting with His Manager to Plan Audit