2023 · Q29
Which of the following sets the scope, timing and direction of the audit, and guides the development of the more detailed audit plan?
General Accounting Principles, Auditing and InsuranceAuditing
- AAudit program
- BOverall audit strategy
- CCompletion memorandum
- DAudit plan
Explanation
Under SA 300, the overall audit strategy sets the scope, timing and direction of the audit and guides the development of the detailed audit plan. The audit programme (A) is the step-by-step list of procedures that follows from the strategy. Hence B.