CA Inter P5 · Chapter 2 · Question 2 of 11
Which of the following is a matter included in the audit plan rather than in the overall audit strategy?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) The nature, timing and extent of planned further audit procedures at the assertion level
Explanation
Under SA 300, the audit plan describes the nature, timing and extent of planned risk assessment procedures and further audit procedures at the assertion level. The scope-defining characteristics, reporting objectives and timing, and the factors directing the team's efforts are considered while establishing the overall audit strategy.
More Audit Strategy, Audit Planning and Audit Programme MCQs
- Q4SA 300 requires which of the following persons to be involved in planning the audit?
- Q5Which of the following is NOT a preliminary engagement activity required at the beginning of the current audit engagement under SA 300?
- Q6Rajat & Co. has been appointed auditor of Jivika Ltd. for the first time. Which additional planning consideration applies specifically…
- Q7An audit programme is best described as:
- Q8Which of the following is generally regarded as a limitation of using a standard audit programme?