Can you explain the difference between overall audit strategy and audit plan?

An audit plan is deciding the substantive audit tests ee will perform. _The audit plan is the detailed procedurs we will use in audit depending on what the strategy is. _This includes nature, timing, and extent of audit tests we will undertake to gain comfort over the financial statement balances. _An audit plan is more detailed gillin in the details of strategy. _The audit strategy relates to the overall approach we will take to the audit . It decides the scope of the audit. _It includes understanding the entity, the risk it faces, legal framework it operates in,. fin reporting standards used etc. _The aud

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 overall audit strategy relates to the overall approach you will take to the audit, it decides the scope of the audit. It includes understanding the entity, the risk it faces, legal framework it operates in, fin reporting standards used etc

The audit plan are the detailed procedures you will use in your audit depending on what the stragtegy is.

Strategy Comes First !!  This is the simple answer as explained by Mr Hisham , First to define the udit strategy, i.e the overall framework, then make your audit plan to determine the audit scope, nature, timing, and extent of audit details and related procedures. Thank you for the invitation

Well, overall strategy is the mechanism you will use whenever there is a task or audit. Whereas, plan is made every time to do that task / audit. In the plan for a specific audit, e.g., May 2023 you will make a sketch on how you will follow the (overall) strategy.