The preliminary audit strategy for each assertion:
A) is a detailed specification of auditing procedures.
B) must be set before risk assessment is completed.
C) represents a tentative audit approach.
D) will be uniform throughout the audit.
E) represents a committed audit approach.

Question

Quizplus · Accepted Answer

The preliminary audit strategy represents a tentative audit approach, which means it is an initial plan that may be adjusted as the audit progresses and more information is gathered. It is not necessarily detailed, committed, or uniform throughout the audit, nor does it have to be set before risk assessment is completed.

The Preliminary Audit Strategy for Each Assertion