Discuss the factors to be considered by the auditor in order to determine an audit strategy.



Discuss the factors to be considered by the auditor in order to determine an audit strategy...

Answer / Shiv Shkti Singh

Audit strategy is determined based on various factors such as materiality, risk assessment, understanding of the client's business, internal control systems, regulatory requirements, and previous audit findings. Auditors also consider the nature, timing, and extent of auditing procedures based on these factors.

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