Auditing Planning, Strategy and Execution- Test 1

Nature and extent of planning is affected by-

As per SA 300, the audit plan shall include a description of ______

The auditor should apply analytical procedures at the planning stage to _____

Which of the following is correct?

Which of the following audit staff is most likely to be heavily involved in the planning of the audit, evaluation of the results and determination of the audit opinion?

When establishing the overall audit strategy, the auditor shall determine materiality for the ____.

Audit strategy is concerned with designing optimised _____ that seek to achieve the necessary audit assurance at the lowest cost within the constraints of the information available.

Process of establishing the overall audit strategy assists the auditor to determine, subject to the completion of the auditor’s assessment procedures, such matters as:

Auditors may use a strategy-oriented framework, which involves the following steps-

As per SA 300, the auditor shall establish an overall audit strategy that sets the scope, timing and direction of the audit, and that guides the development of the audit plan. In establishing the overall audit strategy, the auditor shall:

Which of the following is not correct?

Typically, an audit planning memorandum would contain the following sections except:

The auditor shall update and change the overall audit strategy and the audit plan as necessary during the course of the audit. The auditor may need to modify the overall audit strategy and audit plan as a result of:

Which of the following is not a part of audit planning activity?

Planning is not a discrete phase of an audit but rather a continuous process. It often begins shortly after ____ and continues until the completion of the current audit engagement.

Which of the following is not a procedure to obtain an understanding of risk in the planning stage?

Which of the following procedures are not done in the evaluation and reporting phase of the audit process model?

Which of the following is not an example of audit documentation:

For the purpose of programme construction, which of the following points should be kept in mind?

Which of the following is incorrect?