The auditor should document the audit strategy in the form of a memorandum containing the key decisions about the scope,timing,and conduct of the audit.This documentation
A)includes a list of the key decisions necessary to perform testing
B)is a required part of the work papers
C)communicates the planning process to the client
D)provides the basis for the audit report to address the important issues identified in the audit strategy

Question

Quizplus · Accepted Answer

The auditor should document the audit strategy in the form of a memorandum containing the key decisions about the scope, timing, and conduct of the audit, and this documentation is a required part of the work papers. The memorandum provides direction and guidance to the audit team and serves as a reference for future audits. It is not typically used to communicate the planning process to the client or provide the basis for the audit report, as these are separate documents.

The Auditor Should Document the Audit Strategy in the Form