Sir mcq no 198 a) and 209 c) are they contradicting? as both options explain differently the audit plan and audit strategy?

1 answer

Ravi Staff February 12, 2019

Overall Audit Strategy is broad guidelines to do audit
Audit Plan is detailed step by step instructions
Overall Audit Plan (Traditional Terminology) = Overall Audit Strategy or Audit Strategy (SA Terminology)
Audit Plan (Traditional Terminology) = Audit Programme (SA Terminology)
Answer of 198 is  “a) The audit plan is more detailed than the
overall audit strategy”

 Answer of 209 — Select Incorrect One —  b) The audit plan is prepared before the audit
strategy.

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