The preliminary audit strategy
A) is set before the auditor understands the client's reasons for the audit.
B) guides the development of the audit plan.
C) is determined after the engagement staffing is set.
D) is the detailed steps to be followed for the substantive audit tests.

Question

Quizplus · Accepted Answer

The preliminary audit strategy guides the development of the audit plan. It should be set after the auditor has an understanding of the client's requirements for the audit and before engagement staffing is set. It is not a list of detailed steps for the substantive audit tests.

The Preliminary Audit Strategy