Audit Strategy, Planning and Programme

Question 1

1. Which of the following is not considered in planning an audit generally?...

A) Understanding of legal and regulatory framework of an entity

B) Need to consider determination of materiality

C) Evaluating audit evidence ✓

D) Need to consider involvement of expert

Question 2

2. Which of the following is true about audit plan?...

A) Once an audit plan has been finalized for an engagement, changes cannot be made ...

B) Audit plan includes scope, timing and direction of planned risk assessment proce...

C) Changes in audit plan cannot lead to change in audit strategy.

D) Audit plan has to be documented by auditor. ✓

Question 3

3. Which of the following is not included in an audit programme normally?...

A) Extent of checking

B) Date of checking

C) Nature or type of procedure

D) Planning of risk assessment procedures ✓

Sample Questions: Auditing