What two factors lead to the development of an overall strategy?
A)The auditor's determination of materiality and audit risk
B)The auditor's determination of inherent risk and control risk
C)The auditor's determination of the risk of material misstatement and professional skepticism
D)The auditor's determination of performance materiality and fraud risk

Question

Quizplus · Accepted Answer

The auditor's determination of materiality and audit risk are key factors in developing an overall audit strategy, as they help in planning the nature, timing, and extent of audit procedures.

What Two Factors Lead to the Development of an Overall