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The overall approach to audit is documented in the audit strategy. True or False?

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Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2016/03/07
Muhammad Faisal
by Muhammad Faisal , finance executive , Transworld Associates Private Limited

Yes this is true the audit strategy contains all the information that how how an audit should be

Aeisha Abdul Kader
by Aeisha Abdul Kader , Accountant / Professional Assistant , VM Apparel CC

Yes this is true, the audit strategy contains all information on how the audit is to be approached.

Sikhumbuzo Vilakazi
by Sikhumbuzo Vilakazi , Director Security , Cape Peninsula University of Technology

true, audit approach must have documented processes used in business processes to achieve audit outcome

Suzan Zaher
by Suzan Zaher , Senior Auditor , Wise House Consultancy

True, Audit documentation should include information about planning and risk ... the auditor should document the overall audit strategy and the audit plan.

Vipul Kapadia
by Vipul Kapadia , Asst. Finance Manager , Abu Dhabi National Oil Company

Audit report indicates the procedure followed while preparing financials and notes

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