A planned approach to the conduct of audit testing, taking into account assessed risks, is called an
A) audit approach.
B) audit plan.
C) audit program.
D) audit strategy.

Question

Quizplus · Accepted Answer

An audit strategy is a planned approach to the conduct of audit testing, taking into account assessed risks. Audit approach refers to the overall plan for conducting an audit, including the nature, timing, and extent of audit procedures. Audit plan refers to the specific procedures developed to achieve the objectives of the audit. Audit program refers to a detailed set of instructions for performing audit procedures. Therefore, choice D is the best answer.

A Planned Approach to the Conduct of Audit Testing, Taking