An Audit Strategy

question 13

Multiple Choice

An audit strategy:

• A) is determined by the client.
• B) involves determining the amount of time to be spent testing the client's internal controls and conducting detailed substantive testing.
• C) sets the scope, timing and direction of the audit.
• D) both b and c

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Definitions:

Defendant

An individual, corporation, or entity being sued or accused in a court of law.

Negligence Action

A lawsuit alleging that a party's failure to act with reasonable care resulted in damage or injury to another.

Charge Of Negligence

An accusation made against an individual or entity for failing to act with the care that a reasonably prudent person would have in the same circumstances.

Lawfully

In a manner that is in accordance with the law, legally permitted or authorized.