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Audit Plan or Overall Audit Straregy?

Which one includes the nature timing and extent of audit procedures to be performed by engagement team member? AP or OAS? p.s. I am aware that both are interrelated, but as you know, mcqs they can ask anything. So which one should i pick if asked in mcq?


Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

24-Nov-20 13:39

13

Answers (3)

Nature, timing and extent would fall under strategy.


Suraj Lakhotia

Suraj Lakhotia

Admin

24-Nov-20 15:55

Nature, timing and extent would fall under strategy.

But in the book it says "Description of Audit Plan shall include NTE of planned risk Assessment procedures (as per sa 315) and nte of planned further audit procedures at assertion level"


Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

24-Nov-20 18:07