As the audit client grows throughout the years, the auditor may update and revise the audit strategy and audit plan used in the prior years of the engagement.Group of answer choicesTrueFalse

In planning an audit, the auditor first established the audit plan then develop the audit strategy for the engagement.Group of answer choicesTrueFalse

The auditor shall document the overall audit strategy, the audit plan and any significant changes made during the audit engagement to the overall audit strategy or the audit plan, and the reasons for such changes.Select one:TrueFalse

Once the audit plan and strategy is established in the first phase of the audit, the audit team may change it especially if there are changes in circumstances during the second audit phase.Group of answer choicesTrueFalse

Identify and describe the contents of the overall audit strategy and audit plan.

Auditors can eliminate engagement risk: Group of answer choicesunder no circumstancesby lowering audit riskby conducting more extensive audit proceduresby collecting more audit evidenceby establishing policies for client acceptance and continuance