Development of the audit strategy includes all of the following activities except
A) specifying the work that has to be performed.
B) specifying the timing of the work to be performed.
C) documenting an audit planning memorandum.
D) defining initial estimates of audit risk and materiality.

Question

Quizplus · Accepted Answer

The development of the audit strategy includes specifying the work that has to be performed, specifying the timing of the work to be performed, and defining initial estimates of audit risk and materiality. However, documenting an audit planning memorandum is not necessarily a required activity in the development of the audit strategy.

Development of the Audit Strategy Includes All of the Following