An audit strategy:
A) is determined by the client
B) involves determining the amount of time to be spent testing the client's internal controls and conducted detailed substantive testing
C) sets the scope, timing and direction of the audit
D) both b and c

Question

Quizplus · Accepted Answer

The audit strategy involves setting the scope, timing, and direction of the audit, which is determined by the auditor. This includes determining the amount of time to be spent testing the client's internal controls and conducting detailed substantive testing. Therefore, choice D is the best answer.

An Audit Strategy