An audit strategy
A) is determined by the client.
B) involves determining the amount of time to be spent testing the client's internal controls and conducting detailed substantive testing.
C) sets the scope, timing and direction of the audit.
D) both b and c

Question

Quizplus · Accepted Answer

An audit strategy involves both determining the amount of time to be spent testing the client's internal controls and conducting detailed substantive testing (b) as well as setting the scope, timing, and direction of the audit (c). However, it is not solely determined by the client (a). Therefore, D is the best choice.

An Audit Strategy