Auditing · Audit Planning Documentation
Consider the following planning areas to be documented by an auditor: 1. The availability of the client's data and staff (including internal audit). 2. The allocation of responsibility for specific audit procedures to audit team members. 3. The audit procedures to be undertaken for each area of the financial statements. 4. The potential for using automated tools and techniques to gather evidence. Which of the following correctly classifies these areas between the Audit Strategy and Detailed Audit Plan?
- 1Audit Strategy Document: 4; Detailed Audit Plan: 1, 2, 3
- 2Audit Strategy Document: 1, 2; Detailed Audit Plan: 3, 4
- 3Audit Strategy Document: 2, 3; Detailed Audit Plan: 1, 4
- 4Audit Strategy Document: 1, 4; Detailed Audit Plan: 2, 3✓
Correct answer
Audit Strategy Document: 1, 4; Detailed Audit Plan: 2, 3
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